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4 5 6 A company has 14,000 bonds with a 6 percent coupon outstanding, $1.000 par value. 15 years to maturity, selling for 102 percent

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4 5 6 A company has 14,000 bonds with a 6 percent coupon outstanding, $1.000 par value. 15 years to maturity, selling for 102 percent of par value. These bonds make semiannual payments. The company has 555,000 shares of common stock outstanding, selling for S80 per share. The also has 40,000 shares of preferred stock outstanding and selling for $75 per share. The risk-free rate is 4 percent and the market risk premium is 6 percent. What is this company's capital structure weight for debt? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below

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