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The FIN340 Company has the following capital structure: 17,950,000 shares of common stock outstanding which currently trade for $16.65 per share; 850,000 shares of preferred
The FIN340 Company has the following capital structure: 17,950,000 shares of common stock outstanding which currently trade for $16.65 per share; 850,000 shares of preferred stock outstanding which currently trade for $8.90 per share; and 244,000 bonds outstanding which currently trade for 82% of par value (note: Par Value for each bond = $1,000) - what is the Common Stock Weighting within the company's total capital structure?
Possible answers:
41.00%
39.50%
60.50%
54.30%
59.90%
49.12%
59.00%
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