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can someone help me solve this problem? FarCry Industries, a maker of telecommunications equipment, has 3 million shares of common stock outstanding, 1 million shares
can someone help me solve this problem?
FarCry Industries, a maker of telecommunications equipment, has 3 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares sell for $26 per share, the preferred shares sell for $14.00 per share, and the bonds sell for 97 percent of par. What weight should you use for preferred stock in the computation of FarCry's WACC? (Round your answer to 2 decimal places.) Step by Step Solution
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