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9. Cass & Company can raise 22 million from debt, 12 million from preferred stock, and 66 million from common equity. What is the weight

9. Cass & Company can raise 22 million from debt, 12 million from preferred stock, and 66 million from common equity. What is the weight the company will use for the debt part when they calculate the WACC? a. 12% b. 22% c. 34% d. 66% e. 100%

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