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A company finance with three type of capital : debt, common stock and preferred stock. It has a 700shares of bond outstanding that is selling
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 111percent of face value($1,000); 7,300shares of preferred stock with a market price of $51 a share; and 26,000shares of common stock with a price of $31 a share for the common stock. What is the capital structure weight of the preferred stock out of firms 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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