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Question 5 (1 point) A company has 14,000 bonds with a 6 percent coupon outstanding, $1,000 par value, 15 years to maturity, selling for 109
Question 5 (1 point) A company has 14,000 bonds with a 6 percent coupon outstanding, $1,000 par value, 15 years to maturity, selling for 109 percent of par value. These bonds make semiannual payments. The company has 575,000 shares of common stock outstanding, selling for S70 per share. The also has 30,000 shares of preferred stock outstanding and selling for $75 per share. The risk-free rate is 4 percent and the market risk premium is 6 percent. What is this company's capital structure weight for debt? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below. Your
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