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Afirm has 30,000 shares of common outstanding with a market value of $30.9 per share and a book value of $26 per share. The firm
Afirm has 30,000 shares of common outstanding with a market value of $30.9 per share and a book value of $26 per share. The firm also has 2,000 shares of preferred stock with a book value of $11.5 and a market value that's 124% of the book value. The firm has a $726,000 face value bond outstanding that is selling at 112% of par. What weight (D/V) should be placed on the debt when computing the firm's WACC? (answer in percent but without the percent sign) Type your
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