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The JIRAF Company has 1 3 0 0 bonds outstanding that have a market price of $ 1 2 0 0 each and a face

The JIRAF Company has 1300 bonds outstanding that have a market price of $1200 each and a face value of $1000. floatation cost is 0.022 the bond pays coupon of 0.062 quarterly for 19 years. The company also has 6,000 shares of preferred stock at a market price of $47 and dividends 1.4 each par value 20 dollars. The common stock is priced at $26 a share it is undervalued by $1.5 and there are 70000 shares outstanding, par value is 5 dollars the stock paid this year $1.1 and will continue to grow at a rate of 0.05.
TAXES ARE 0.38
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what is the weight of preferred stock according to book value method
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