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Here I Sit Sofas has 6,700 shares of common stock outstanding at a price of $90 per share. There are 990 bonds that mature in
Here I Sit Sofas has 6,700 shares of common stock outstanding at a price of $90 per share. There are 990 bonds that mature in 26 years with a coupon rate of 6.4 percent paid semiannually. The bonds have a par value of $1,000 each and sell at 106.5 percent of par. The company also has 5,600 shares of preferred stock outstanding at a price of $43 per share. What is the capital structure weight of the debt? Multiple Choice .6008 .6823 3177 .5555 .6322
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