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Knox, Incorporated has outstanding bonds with 15 years to maturity, a coupon rate of 9%, semi-annual coupon payments, a yield-to-maturity of 5.7%, and $785 million

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Knox, Incorporated has outstanding bonds with 15 years to maturity, a coupon rate of 9%, semi-annual coupon payments, a yield-to-maturity of 5.7%, and $785 million of total par value. Its stock price is $37, and there are 57 million shares outstanding. When computing the WACC, what weight (w) should the firm assign to its cost of debt? Enter your answer as a decimal and show two decimal places. Type your

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