What would be the weight used for equity in the computation

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Tom and Jerry's has 3.8 million shares of common stock outstanding, 3.8 million shares of preferred stock outstanding, and 28.00 thousand bonds. If the common shares are selling for $14.80 per share, the preferred shares are selling for $11.80 per share, and the bonds are selling for 99.82 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

Reference no: EM13940123

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