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What would be the weight used for equity

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Question - Tom and Jerry's has 2.5 million shares of common stock outstanding, 2.5 million shares of preferred stock outstanding, and 15.00 thousand bonds. If the common shares are selling for $13.50 per share, the preferred share are selling for $10.50 per share, and the bonds are selling for 99.95 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

Reference no: EM132020741

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