Further From Center has 12,100 shares of common stock outstanding at a price of $55 per share. It also has 310 shares of preferred stock outstanding at a price of $91 per share. There are 370 bonds outstanding that have a coupon rate of 7.4 percent paid semiannually. The bonds mature in 36 years, have a face value of $2,000, and sell at 111.5 percent of par. What is the capital structure weight of the preferred stock?
a. 0.0186
b. 0.5433
c. 0.4382
d. 0.0953
e. 0.0639
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