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Business, 19.11.2019 05:31 stjuliendeja

The auto group has 1,000 bonds outstanding that are selling for $980 each. the company also has 9,700 shares of preferred stock at a market price of $85 each. the common stock is priced at $80 a share and there are 43,000 shares outstanding. what is the weight of the preferred stock as it relates to the firm's weighted average cost of capital?

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The auto group has 1,000 bonds outstanding that are selling for $980 each. the company also has 9,70...
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