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A company just paid a dividend of $ 2 . 6 6 , they plan to increase the dividend by 1 1 . 7 %

A company just paid a dividend of $2.66, they plan to increase the dividend by 11.7% next year, by 8.2% in two years and then 2.1% each year forever after that. Expected return for their stock is 9.7%. They have 4,728,535 shares outstanding. The company also has 149,668, $1000.00 face value, 15 year, semi annual bonds issued 9 years ago. The bond has a coupon of 6.6%. Current market rates are 6.3%. It does not have any preferred stock. What is the weight of debt for this company?

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