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Further From Center has 10,100 shares of common stock outstanding at a price of $35 per share. It also has 210 shares of preferred stock

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Further From Center has 10,100 shares of common stock outstanding at a price of $35 per share. It also has 210 shares of preferred stock outstanding at a price of $86 per share. There are 510 bonds outstanding that have a coupon rate of 5.4 percent paid semiannually. The bonds mature in 16 years, have a face value of $1,000, and sell at 92.5 percent of par. What is the capital structure weight of the preferred stock? Multiple Choice

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