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OMG, Inc has 7 million shares of common stock. 5 million shares of preferred stock outstanding, and 4,000 bonds. Suppose the common shares are selling
OMG, Inc has 7 million shares of common stock. 5 million shares of preferred stock outstanding, and 4,000 bonds. Suppose the common shares are selling for $28 per share, the preferred shares are selling for $27 per share and the bonds are selling for 108 percent of par. What weight should you use for debt in the computation of OMG's WACC? (Round your answer to 2 decimal places.)
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