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Greenbank Boutique has 850,000 shares of common stock outstanding at a market price of $16 a share. The company also has 15,000 bonds outstanding that
Greenbank Boutique has 850,000 shares of common stock outstanding at a market price of $16 a share. The company also has 15,000 bonds outstanding that are quoted at 98 percent of face value. Assume a face of $1,000 for these bonds. The weight on common stock when the firm computes its weighted average cost of capital should be ________%. [Round the percentage number to integer, i.e. do not keep any decimal place]
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