The weight used for equity in the computation of sports

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Reference no: EM131064648

Sports Corp has 11.7 million shares of common stock outstanding, 6.7 million shares of preferred stock outstanding, and 2.7 million bonds. If the common shares are selling for $26.7 per share, the preferred share are selling for $14.2 per share, and the bonds are selling for 96.83 percent of par, what would be the weight used for equity in the computation of Sports's WACC?

55.45%

10.34%

33.33%

11.53%

Reference no: EM131064648

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