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ABC, Inc., has 1,992 shares of common stock outstanding at a price of $312 a share. They also have 1,980 shares of preferred stock
ABC, Inc., has 1,992 shares of common stock outstanding at a price of $312 a share. They also have 1,980 shares of preferred stock outstanding at a price of $75 a share. There are 277 bonds outstanding that are priced at $1,137. What is the weight of bonds in the capital structure? Enter your answer as a percentage rounded off to two decimal points. Do not enter % in the answer box.
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
