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Kim's Bridal Shoppe has 15,000 shares of common stock outstanding at a price of $22 a share. It also has 5,000 shares of preferred stock
Kim's Bridal Shoppe has 15,000 shares of common stock outstanding at a price of $22 a share. It also has 5,000 shares of preferred stock outstanding at a price of $23 a share. There are 105 bonds outstanding that have a 2 percent semiannual coupon. The bonds mature in 17 years, have a face value of $1,000, and sell at 101 percent of par. What is the capital structure weight of the common stock? Weight of common stock =
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