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Your firm currently has 1,007,915 shares of stock outstanding that sell for 34.26. Additionally, you've issued 32,897 bonds, with a par value of $1,000. They
Your firm currently has 1,007,915 shares of stock outstanding that sell for 34.26. Additionally, you've issued 32,897 bonds, with a par value of $1,000. They currently sell for 107.3% of par.
What is the firm's debt weight?
(Enter your answer as a percentage to 1 decimal place. ex: 12.3)
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