(Answered) Tom and jerrys has 31 million shares of common stock

Finance

Tom and Jerry's has 3.1 million shares of common stock outstanding, 3.1 million shares of preferred stock outstanding, and 21.00 thousand bonds. If the common shares are selling for $14.10 per share, the preferred shares are selling for $11.10 per share, and the bonds are selling for 99.89 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

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