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Nelson's Landscaping has 1 , 2 0 0 bonds outstanding that are selling for $ 9 9 0 each. The company also has 2 ,

Nelson's Landscaping has 1,200 bonds outstanding that are selling for $990 each. The company also has 2,500 shares of preferred stock at a market price of $28 a share. The common stock is priced at $37 a share and there are 28,000 shares outstanding. What is the weight of preferred stock as it relates to the firm's weighted average cost of capital?

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