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Annabeth's Fashion Emporium has 17,600 shares of common stock outstanding at a price of $38 a share. It also has 7,400 shares of preferred stock
Annabeth's Fashion Emporium has 17,600 shares of common stock outstanding at a price of $38 a share. It also has 7,400 shares of preferred stock outstanding at a price of $23 a share. There are 185 bonds outstanding that have a 9 percent semiannual coupon. The bonds mature in 17 years, have a face value of $1,000, and sell at 100 percent of par. What are the capital structure weights? Weight of common stock = Weight of preferred stock = Weight of debt = Allowed attempts; 3
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