WACC Weights WhackAmOle has 2 million shares of common stock outstanding, 1.5 million shares of preferred stock

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WACC Weights WhackAmOle has 2 million shares of common stock outstanding, 1.5 million shares of preferred stock outstanding, and 50,000 bonds. If the common shares are selling for $63 per share, the preferred shares are selling for $52 per share, and the bonds are selling for 103 per- cent of par, what would be the weights used in the calculation of Whack- AmOle's WACC? (LG4)

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Finance Applications And Theory

ISBN: 9780073530673

2nd Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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