Weight used for equity in the computation of sports wacc

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Sports Corp has 11.0 million shares of common stock outstanding, 6.0 million shares of preferred stock outstanding, and 2.0 million bonds. If the common shares are selling for $26.0 per share, the preferred shares are selling for $13.5 per share, and the bonds are selling for 96.90 percent of par, what would be the weight used for equity in the computation of Sports's WACC?

Reference no: EM131489333

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