Jackits has 60 million shares of common stock outstanding, Ask an Expert

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JackITs has 6.0 million shares of common stock outstanding, 2.0 million shares of preferred stock outstanding, and 30.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred shares are selling for $14.50 per share, and the bonds are selling for 97.90 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?

66.67%

33.33%

74.72%

74.95%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91611044

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