Question
The following data concerning Spencer Transgenics' capital structure is available. $ millions Market Values Accounts Payable & Accruals Short-term notes $150 Long-term debt $600 Preferred
The following data concerning Spencer Transgenics' capital structure is available.
| $ millions | Market Values |
| Accounts Payable & Accruals | |
| Short-term notes | $150 |
| Long-term debt | $600 |
| Preferred Stock | $150 |
| Common Stock | $1500 |
| Total | $2400 |
a) The percentage of common stock in Spencer's weighted average cost of capital is _____%
b)The percentage of debt in Spencer's weighted average cost of capital is _______%.
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
