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Calculate the capital structure weight of the common stock given the following information: (Not all...

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Finance

Calculate the capital structure weight of the common stock given the following information: (Not all information might be used)

  • The company has 11,300 shares of common stock outstanding at a price of $47 per share.
  • The company has 270 shares of preferred stock outstanding at a price of $89 per share.
  • There are 290 bonds outstanding that have a coupon rate of 6.6 percent paid semiannually. The bonds mature in 28 years, have a face value of $2,000, and sell at 107.5 percent of par.

(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Input percentage points only, no % sign)

The weight of the common stock is %.

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