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Yixin Corp. lists $51 million in par value of bonds according to its balance sheet. The bonds have a face value of $1000 and are

Yixin Corp. lists $51 million in par value of bonds according to its balance sheet. The bonds have a face value of $1000 and are currently quoted as selling at "120". The company has 1.6 million shares of common stock outstanding. The common stock is currently trading at $50 per share. Find the market value weights for these components of the company's capital structure. The weight of the common stock is ________%.

Margin of error for correct responses: +/-.10%.

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