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The FIN340 Company has the following capital structure: 97,300,000 shares of common stock outstanding which currently trade for $40.80 per share; 4,300,000 shares of preferred
The FIN340 Company has the following capital structure: 97,300,000 shares of common stock outstanding which currently trade for $40.80 per share; 4,300,000 shares of preferred stock outstanding which currently trade for $33.05 per share; and 1,141,000 bonds outstanding which currently trade for 110% of par value (note: Par Value for each bond = $1,000) - what is the Common Stock Weighting within the company's total capital structure?
23.39%
76.61%
75.57%
75.98%
83.58%
73.97%
26.03%
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