What would be weight used for equity in computation

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Town Crier has 6.5 million shares of common stock outstanding, 3.5 million shares of preferred stock outstanding, and 25.00 thousand bonds. If the common shares are selling for $29.60 per share, the preferred share are selling for $17.00 per share, and the bonds are selling for 96.85 percent of par, what would be the weight used for equity in the computation of Town Crier's WACC?

Reference no: EM131321133

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