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Bill's Boards has 20.0 million shares of common stock outstanding, 4.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $30.00 per share, the preferred share are selling for $17.00 per share, and the bonds are selling for 96.00 percent of par, what would be the weight used for equity in the computation of Bill's WACC?

Financial Management, Finance

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