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The Chandrasekhar Novae, Inc. has 73,000 shares of common stock outstanding at a price of $31 a share. It also has 19,000 shares of preferred
The Chandrasekhar Novae, Inc. has 73,000 shares of common stock outstanding at a price of $31 a share. It also has 19,000 shares of preferred stock outstanding at a price of $66 a share. There are five hundred 9 percent bonds outstanding that are priced at par. The bonds mature in 14 years, pay interest semiannually, and have a face value of $1,000. What is the capital structure weight (in percents) of the preferred stock?
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