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You are analyzing your firm and have found that the accountants have just provided you a balance sheet that shows the value of debt to

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You are analyzing your firm and have found that the accountants have just provided you a balance sheet that shows the value of debt to be $700,000, preferred stock $300,000 and common stock $1,000,000. In addition, you noted that there were 700 bonds, 3,000 preferred shares and 100,000 common shares outstanding. The firm has set a target capital structure of 35%, 35%, and 50 %. The most recent trading price for your bonds were $1,025, $20 for your common stock and $100 for your preferred stock. What is the market value weight for common stock? Do not round interim calculations and provide your answer rounded to the nearest WHOLE percentage (eg, xx%). 66% 61% 54% 44% 33%

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