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Use the following information for TGC Inc. to determine, Ws, the weight of common stock in the firm's WACC: Bonds Preferred Shares Common Shares Number

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Use the following information for TGC Inc. to determine, Ws, the weight of common stock in the firm's WACC: Bonds Preferred Shares Common Shares Number outstanding # 540,000 2.9 million 31.5 million Price per bond/share $ 1,000 33 42 (Hint: To calculate the value of each source of capital, multiple its value by the number outstanding.) 3.91% 6.98% 67.54% 90.15% 98.45%

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