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NR Industries has 135.000 shares of common stock outstanding. The stock is currently selling for $57 a share. The firm also has 2 bond issues

NR Industries has 135.000 shares of common stock outstanding. The stock is currently selling for $57 a share. The firm also has 2 bond issues outstanding .The first bond issue has total face value of $ 300, pays 9.5 percent interest annually, and currently sells for 101 percent of face value. The second bond issue consists of 6000 bonds that are selling for $986 each .These bonds pay 8 percent interest annually and mature in 11 years. The tax rate is 35 percent .What is the capital structure weight of the firms common stock? The correct answer is 55.3 percent.

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