It also has 2 million in face value of debt that trades at


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? Please show work

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Financial Management: It also has 2 million in face value of debt that trades at
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