Weight of Equity OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of

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Weight of Equity OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and 5,000 bonds. If the common shares are selling for $17 per share, the pre- ferred shares are selling for $26 per share, and the bonds are selling for 108 percent of par, what would be the weight used for equity in the com- putation of OMG'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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