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Majuri has 850,000 shares of common stock outstanding at a market price of $16 a share. The company also has 15,000, $1,000 par bonds outstanding

Majuri has 850,000 shares of common stock outstanding at a market price of $16 a share. The company also has 15,000, $1,000 par bonds outstanding that are quoted at 98 % of face value. What weight should be given to the debt when Majuri computes their weighted average cost of capital? Question 29 options: 52.1% 49.2% 51.9% 50% 48.1%

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