Solar shades has 87 million shares of common stock


Solar Shades has 8.7 million shares of common stock outstanding, 4.7 million shares of preferred stock outstanding, and 17 thousand bonds.

If the common shares are selling for $13.70 per share, the preferred shares are selling for $30.70 per share, and the bonds are selling for 104.93 percent of par, what would be the weight used for equity in the computation of Solar Shade's WACC?

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Financial Management: Solar shades has 87 million shares of common stock
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