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19. A company finance with three type of capital : debt, common stock and preferred stock. It has a 700shares of bond outstanding that is
19. A company finance with three type of capital : debt, common stock and preferred stock. It has a 700shares of bond outstanding that is selling at 110percent of face value($1,000); 6,700shares of preferred stock with a market price of $40 a share; and 17,000shares of common stock with a price of $29 a share for the common stock. What is the capital structure weight of the preferred stock out of firm's total capital? (Enter your answers a percent rounded to 2 decimal places, leave out % sign, for example, for answer 0.43%, enter 0.43 only)
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