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Sports Corporation has 1 0 million shares of common stock outstanding, 5 million shares of preferred stock outstanding, and 1 million bonds. If the common

Sports Corporation has 10 million shares of common stock outstanding, 5 million shares of preferred stock outstanding, and 1 million bonds. If the common shares are selling for $25 per share, the preferred shares are selling for $12.50 per share, and the bond price is $970(sold at discount), what would be the weight used for common stock in the computation of Sports' WACC?

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