What would be the weight used for equity in computation

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Tom and Jerry's has 3.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $14.00 per share, the preferred shares are selling for $11.00 per share, and the bonds are selling for 99.90 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

Reference no: EM131520481

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