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Sports Corp has 10.1 million shares of common stock outstanding, 5.1 million shares of preferred stock outstanding, and 1.1 million bonds. If the common shares are selling for $25.1 per share, the preferred shares are selling for $12.6 per share, and the bonds are selling for 96.99 percent of par, what would be the weight used for equity in the computation of Sports's WACC?

Financial Management, Finance

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