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Nelson's Landscaping has 860,000 bonds outstanding that are each selling for 95 percent of par. The company also has 9,000,000 shares of common stock at
Nelson's Landscaping has 860,000 bonds outstanding that are each selling for 95 percent of par. The company also has 9,000,000 shares of common stock at a market price of $45 a share. What is the weight of the common stock as it relates to the firm's weighted average cost of capital? Enter your answer as a decimal rounded to three digits, i.e. 0.328)
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