There are 50 bonds outstanding that sell at 98 percent of


Sam's Train Shoppe has 15,000 shares of common stock outstanding at a price of $20.95 a share. It also has 1741 shares of preferred stock outstanding at a price of $37.16 a share. There are 50 bonds outstanding that sell at 98 percent of the $1000 par value. What is the capital structure weight of the preferred stock? Input your answer as a decimal rounded to four places.

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Financial Management: There are 50 bonds outstanding that sell at 98 percent of
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