Used for equity in computation of solar shade wacc

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Solar Shades has 5.9 million shares of common stock outstanding, 4.9 million shares of preferred stock outstanding, and 19 thousand bonds. If the common shares are selling for $29.00 per share, the preferred share are selling for $30.90 per share, and the bonds are selling for 104.91 percent of par, what would be the weight used for equity in the computation of Solar Shade's WACC?

Reference no: EM131567907

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