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Kim's Bridal Shoppe has 11,700 shares of common stock outstanding at a price of $51 per share. It also has 290 shares of preferred stock
Kim's Bridal Shoppe has 11,700 shares of common stock outstanding at a price of $51 per share. It also has 290 shares of preferred stock outstanding at a price of $93 per share. There are 330 bonds outstanding that have a coupon rate of 7 percent paid semiannually. The bonds mature in 32 years, have a face value of $2,000, and sell at 109.5 percent of par. What is the capital structure weight of the common stock?
Multiple Choice
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.4648
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.4432
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.5368
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.4880
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.3984
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