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A firm has 12,500 shares of stock outstanding that sell for $38 each. The book value of equity is $400,000. The firm has also issued

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A firm has 12,500 shares of stock outstanding that sell for $38 each. The book value of equity is $400,000. The firm has also issued $250,000 face value of debt that is currently quoted at 101.2. What value should be used as the weight of equity when computing WACC? 70.19% O 63.22% O 65.25% 67.48%

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