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The Downtowner has 181,087 shares of common stock outstanding valued at $23 a share along with 7,009 bonds selling for $1,056 each. What weight should
The Downtowner has 181,087 shares of common stock outstanding valued at $23 a share along with 7,009 bonds selling for $1,056 each. What weight should be given to the debt when the company computes its weighted average cost of capital? Do not round intermediate calculations. Round your answer to the nearest tenth of a percent. Express your answer as a decimal (e.g. ".468" for 46.8%) 0.664
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