Weight used for equity in computation of solar shade wacc

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Reference no: EM131623133

Solar Shades has 8.6 million shares of common stock outstanding, 4.6 million shares of preferred stock outstanding, and 16 thousand bonds. If the common shares are selling for $13.60 per share, the preferred share are selling for $30.60 per share, and the bonds are selling for 104.94 percent of par, what would be the weight used for equity in the computation of Solar Shade's WACC?

Reference no: EM131623133

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