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Carrie D's has 6.7 million shares of common stock outstanding, 2.7 million shares of preferred stock outstanding, and 17.00 thousand bonds. If the common shares are selling for $15.70 per share, the preferred shares are selling for $28.70 per share, and the bonds are selling for 108.93 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC?

Financial Management, Finance

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