Fermi nucleonics inc has 48000 shares of common stock, Ask an Expert

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Fermi Nucleonics, Inc. has 48,000 shares of common stock outstanding at the price of $38 a share. It also has 6,000 shares of preferred stock outstanding at the price of $58 a share. The firm has 8.7 percent, 16-year bonds outstanding with total face value of $401,000. The bonds are currently quoted at 116.5 and pay interest semiannually. Determine the capital structure weight of the firm's debt (in percents) if the tax rate is 32.5 percent?

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