Solar Shades has 6.4 million shares of common stock outstanding, 5.4 million shares of preferred stock outstanding, and 24 thousand bonds. If the common shares are selling for $29.50 per share, the preferred share are selling for $31.40 per share, and the bonds are selling for 104.86 percent of par, what would be the weight used for equity in the computation of Solar Shade's WACC?
54.13%
33.33%
49.23%
66.67%
+2
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Home » Business » Solar Shades has 6.4 million shares of common stock outstanding, 5.4 million shares of preferred stock outstanding, and 24 thousand bonds. If the common shares are selling for $29.50 per share, the preferred share are selling for $31.