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phillips equipment has 475 000 shares of common stock outstanding at a market price of $38 a share.The company also has 20000 bonds outstanding that

phillips equipment has 475 000 shares of common stock outstanding at a market price of $38 a share.The company also has 20000 bonds outstanding that are priced $1,000 each. What weight should be given to the debt when the firm computers its weighted average cost of capital?

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