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Annabeth's Fashion Emporium has 21,600 shares of common stock outstanding at a price of $28 a share. It also has 5,400 shares of preferred stock
Annabeth's Fashion Emporium has 21,600 shares of common stock outstanding at a price of $28 a share. It also has 5,400 shares of preferred stock outstanding at a price of $17 a share. There are 135 bonds outstanding that have a 6.5 percent semiannual coupon. The bonds mature in 7 years, have a face value of $1,000, and sell at 90 percent of par. What are the capital structure weights?
Weight of common stock = %
Weight of preferred stock = %
Weight of debt = %
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