Question
there are 1 million preferred stcok shares of Phillip Morris outstanding, 5 million shares of common stock outstanding, and they have 20,000 bonds as well.
there are 1 million preferred stcok shares of Phillip Morris outstanding, 5 million shares of common stock outstanding, and they have 20,000 bonds as well. Their preferred share sell at $13.50 per share, their common stock sells for $28 per share, and the bonds sell for 98% of par. What is the weight of equity in the WACC equation?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
