What would be the weight used for equity in the computation

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Reference no: EM132022947

Question: OMG Inc. has 5 million shares of common stock outstanding, 4 million shares of preferred stock outstanding and 6.000 bonds. Suppose the common shares are selling for $29 per share, the preferred shares are selling for $28 per share, and the bonds are selling for 108 percent of par. What would be the weight used for equity in the computation of OMG's WACC? (Round your answer to 2 decimal places.)

Reference no: EM132022947

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