Weight used for equity in the computation

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Bill's Boards has 6.6 million shares of common stock outstanding, 5.6 million shares of preferred stock outstanding, and 36.00 thousand bonds. If the common shares are selling for $29.70 per share, the preferred shares are selling for $18.60 per share, and the bonds are selling for 95.84 percent of par, what would be the weight used for equity in the computation of Bill's WACC?

Reference no: EM131166183

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