Town crier has 108 million shares of common stock


Town Crier has 10.8 million shares of common stock outstanding, 2.8 million shares of preferred stock outstanding, and 18.00 thousand bonds. If the common shares are selling for $28.80 per share, the preferred shares are selling for $16.30 per share, and the bonds are selling for 96.92 percent of par, what would be the weight used for equity in the computation of Town Crier's WACC?

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Financial Management: Town crier has 108 million shares of common stock
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