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A firm has a cost of debt of 8% a cost of equity of 12% and a cost of preferred stock of 4.5% The firm

A firm has a cost of debt of 8% a cost of equity of 12% and a cost of preferred
stock of 4.5% The firm has issued 98,000 shares of common stock and the market
price per share is $16.50. There are 49,500 shares of preferred stock outstanding at a
market price of $29.00 a share. The bond issue has a face value of $500,000 and a
market quote of 102. The company's tax rate is 30% What is the weight of bond in the firm?

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