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Business, 19.11.2019 05:31 justapointie

Florida groves has a $250,000 bond issue outstanding that is selling at 102 percent of face value. the firm also has 2,000 shares of preferred stock valued at $38 a share and 45,000 shares of common stock valued at $24 a share. what weight should be assigned to the preferred stock when computing the firm's weighted average cost of capital?

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Florida groves has a $250,000 bond issue outstanding that is selling at 102 percent of face value. t...
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