NBS Inc. has 750 bonds outstanding that are selling for $989 each, 2,500 shares of preferred stock with a market price of $47 a share, and 30,000 shares of common stock valued at $56 a share. What weight should be assigned to bonds when computing the firm's weighted average cost of capital?

Group of answer choices

29.21%

66.16%

4.63%

62.08%