weight used for equity in the computation of Sportss WACC

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Reference no: EM13721854

Sports Corp has 11.5 million shares of common stock outstanding, 6.5 million shares of preferred stock outstanding, and 2.5 million bonds. If the common shares are selling for $26.5 per share, the preferred share are selling for $14.0 per share, and the bonds are selling for 96.85 percent of par, what would be the weight used for equity in the computation of Sports's WACC?

Reference no: EM13721854

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