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Million shares of common stock outstanding

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Tom and Jerry's has 2.0 million shares of common stock outstanding, 2.0 million shares of preferred stock outstanding, and 10.00 thousand bonds. If the common shares are selling for $13.00 per share, the preferred share are selling for $10.00 per share, and the bonds are selling for 100.00 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

Reference no: EM131213790

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