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Kim's Bridal Shoppe has 8,900 shares of common stock outstanding at a price of $44 per share. It also has 1,335 shares of preferred stock
Kim's Bridal Shoppe has 8,900 shares of common stock outstanding at a price of $44 per share. It also has 1,335 shares of preferred stock outstanding at a price of $81 per share. There are 525 bonds outstanding that have a coupon rate of 7.2 percent paid semiannually. The bonds mature in 34 years, have a face value of $1,000, and sell at 110.5 percent of par. What is the capital structure weight of the debt?
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