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Suppose Corporation A has a book (face) debt value of $13M, trading at 80% of face value. It also has book equity of $19 million,

Suppose Corporation A has a book (face) debt value of $13M, trading at 80% of face value. It also has book equity of $19 million, and 2.66 million shares of common stock trading at $26 per share. What is the weight for for common equity that Corporation A should use in calculating its WACC?

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