Solved: Jackits has 60 million shares of common stock outstanding, Finance Basics

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Jackits has 60 million shares of common stock outstanding

JackITs has 6.0 million shares of common stock outstanding, 2.0 million shares of preferred stock outstanding, and 30.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred shares are selling for $14.50 per share, and the bonds are selling for 97.90 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?

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Finance Basics: Jackits has 60 million shares of common stock outstanding

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Finance Basics: Jackits has 60 million shares of common stock outstanding

Reference No:- TGS02667682

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