Town crier has 60 million shares of common stock, Ask an Expert

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Town Crier has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred shares are selling for $16.50 per share, and the bonds are selling for 96.90 percent of par, what would be the weight used for equity in the computation of Town Crier's WACC?

66.67%

71.71%

66.52%

33.33%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92424521

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