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Please need help! JP Morgan has $36.1 million of market capitalization (total equity). The company also recently issued $42.4 million debt. What weight should be

Please need help!

JP Morgan has $36.1 million of market capitalization (total equity). The company also recently issued $42.4 million debt. What weight should be given to the debt when the firm computes its weighted average cost of capital?

  1. 90%

  2. 66%

  3. 45%

  4. 54%

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