Jackits has 68 million shares of common stock outstanding


JackITs has 6.8 million shares of common stock outstanding, 2.8 million shares of preferred stock outstanding, and 38.00 thousand bonds. If the common shares are selling for $29.90 per share, the preferred shares are selling for $15.30 per share, and the bonds are selling for 97.82 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?

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Financial Management: Jackits has 68 million shares of common stock outstanding
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