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Sports Corp has 10.8 million shares of common stock outstanding, 5.8 million shares of preferred stock outstanding, and 1.8 million bonds. If the common shares

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Sports Corp has 10.8 million shares of common stock outstanding, 5.8 million shares of preferred stock outstanding, and 1.8 million bonds. If the common shares are selling for $25.8 per share, the preferred share are selling for $13.3 per share, and the bonds are selling for 96.92 percent of par, what would be the weight used for equity in the computation of Sports's WACC? Multiple Choice 58.70% 18.27

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