What is the capital structure weight of the preferred stock

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Reference no: EM13911518

Christie's train shoppe has 15,000 shares of common stock outstanding at a price of $11 a share. It also has 2,000 shares of preferred stock outstanding at a price of $34 a share. There are 50 bonds outstanding that have a 7.5% semiannual coupon. the bonds mature in 6yrs, have a face value of $1000 and sell at 96% of par. What is the capital structure weight of the preferred stock?

Reference no: EM13911518

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