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Ivy Garden has 1000 bonds outstanding that are selling for $825 each, 3,000 shares of preferred stock with a market price of $57 a share,

Ivy Garden has 1000 bonds outstanding that are selling for $825 each, 3,000 shares of preferred stock with a market price of $57 a share, and 42,000 shares of common stock valued at $74 a share. What weight should be assigned to the common stock when computing the firm's weighted average cost of capital?

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