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Further From Center has 12,300 shares of common stock outstanding at a price of $57 per share. It also has 320 shares of preferred stock
Further From Center has 12,300 shares of common stock outstanding at a price of $57 per share. It also has 320 shares of preferred stock outstanding at a price of $89 per share. There are 390 bonds outstanding that have a coupon rate of 7.6 percent paid semiannually. The bonds mature in 38 years, have a face value of $2,000, and sell at 112.5 percent of par. What is the capital structure weight of the preferred stock?
.0944
.0630
.5460
.0177
.4363
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