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A firm has 300 shares of common stock outstanding at a price of $18.5 a share. There are 50 bonds that sell at $107 each.

A firm has 300 shares of common stock outstanding at a price of $18.5 a share. There are 50 bonds that sell at $107 each. The capital structure weight of the debt is ___________.

A.2.71%

B.49.08%

C.63.5%

D.36.5%

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