Equity in the computation of jackit

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JackITs has 5.4 million shares of common stock outstanding, 1.4 million shares of preferred stock outstanding, and 24.00 thousand bonds. If the common shares are selling for $28.40 per share, the preferred shares are selling for $13.90 per share, and the bonds are selling for 97.96 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?

Reference no: EM131166193

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