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Question 9 (5 points) Innovation Inc.'s common stock has 10,600 shares outstanding with $40 per share. The company's preferred stock has 235 shares outstanding with
Question 9 (5 points) Innovation Inc.'s common stock has 10,600 shares outstanding with $40 per share. The company's preferred stock has 235 shares outstanding with $91 per share. It also has 560 bonds outstanding with a coupon rate of 6.5% paid semiannually and a maturity of 25 years. Each bond sells for $950 in the market. The capital structure weight of the preferred stock is 0.0672 0.0219 1.0986 0.4338 .5443
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