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Problem:

Team Sports has 5.1 million shares of common stock outstanding, 3.1 million shares of preferred stock outstanding, and 31 thousand bonds. If the common shares are selling for $4.10 per share, the preferred share are selling for $16.1 per share, and the bonds are selling for 98.89 percent of par, what would be the weight used for equity in the computation of Team's WACC?

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148492

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