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A company has 700 bonds outstanding, which have a face value of $1,000 each and sell at 120 percent of face value. The company also
A company has 700 bonds outstanding, which have a face value of $1,000 each and sell at 120 percent of face value. The company also has 5,300 shares of preferred stock outstanding at a price of $47 per share. It has 6,000 shares of common stock outstanding at a price of $100 per share. What is the capital structure weight of the preferred stock?
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