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Given the following information, calculate the weight of common equity that should be used by Teardrinker Enterprises in the computation of its WACC. Teardrinker has

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Given the following information, calculate the weight of common equity that should be used by Teardrinker Enterprises in the computation of its WACC. Teardrinker has 2 million shares of common stock outstanding and 43,338 bonds. Suppose the common shares are selling for $19 per share and the bonds are selling for $980 each. Enter as a percentage with one decimal place (e.g.r 27.2). You purchased 100 shares of ExxonMobil (XOM) stock on the last day of April for $46.47 per share. During the month of May you received a dividend of $0.87 per share. You sold all of your ExxonMobil stock on the last trading day of May for $45.47 per share. Compute your percentage return for the month that you owned the stock

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