Shares of common stock outstanding

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Reference no: EM131359017

Sports Corp has 10.4 million shares of common stock outstanding, 5.4 million shares of preferred stock outstanding, and 1.4 million bonds. If the common shares are selling for $25.4 per share, the preferred share are selling for $12.9 per share, and the bonds are selling for 96.96 percent of par, what would be the weight used for equity in the computation of Sports's WACC?

Reference no: EM131359017

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