Weight used for equity in the computation of Teams WACC

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Reference no: EM131059042

Team Sports has 4.9 million shares of common stock outstanding, 2.9 million shares of preferred stock outstanding, and 29 thousand bonds. If the common shares are selling for $3.90 per share, the preferred share are selling for $15.9 per share, and the bonds are selling for 98.91 percent of par, what would be the weight used for equity in the computation of Team's WACC?

Reference no: EM131059042

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