Company x has 2 million shares of common stock outstanding, Financial Management

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Company x has 2 million shares of common stock outstanding

Company X has 2 million shares of common stock outstanding at a book value of $2 per share. The stock trades for $3 per share. It also has $2 million in face value of debt that trades at 90% of par. What is the weight of debt for WACC purposes? A. 13.91% B. 23.08% C. 31.03% D. 27.67%

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Financial Management: Company x has 2 million shares of common stock outstanding

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