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Story Co. has 2.0 million shares of common equity with a par (book) value of $50.00, retained earnings of $60.0 million, and its shares have
Story Co. has 2.0 million shares of common equity with a par (book) value of $50.00, retained earnings of $60.0 million, and its shares have a market value of $70.00 per share. It also has debt with a par value of $20.0 million that is trading at 105% of par. What weight should it use for equity in computing its WACC? O 87% O 13% O 72% 0 74%
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