Shares of preferred stock outstanding

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Reference no: EM131346483

Bill's Boards has 20.3 million shares of common stock outstanding, 4.3 million shares of preferred stock outstanding, and 23.00 thousand bonds. If the common shares are selling for $30.30 per share, the preferred share are selling for $17.30 per share, and the bonds are selling for 95.97 percent of par, what would be the weight used for equity in the computation of Bill's WACC?

82.44%

66.67%

33.33%

86.44%

Reference no: EM131346483

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