Cyberdine Systems has $1,200$ bonds selling for $99\%$ of par value. The company also has $2,500$ shares of preferred stock at a market price of $$28$ a share. The common stock is priced at $$37$ a share and there are $28,000$ shares outstanding. What is the weight of the common stock as it relates to the firm$$s weighted average cost of capital?

Question $12$Answer

a$.$

$43\mathrm{.}08\%$

b$.$

$45\mathrm{.}16\%$

c$.$

$47\mathrm{.}11\%$

d$.$

$54\mathrm{.}00\%$

e$.$

$55\mathrm{.}45\%$