Jackits has 59 million shares of common stock outstanding, Ask an Expert

Finance

JackITs has 5.9 million shares of common stock outstanding, 1.9 million shares of preferred stock outstanding, and 29.00 thousand bonds.

If the common shares are selling for $29.00 per share, the preferred share are selling for $14.40 per share, and the bonds are selling for 97.91 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92796750

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