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Further From Center has 11,000 shares of common stock outstanding at a price of $45...

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Accounting

Further From Center has 11,000 shares of common stock outstanding at a price of $45 per share. It also has 260 shares of preferred stock outstanding at a price of $87 per share. There are 610 bonds outstanding that have a coupon rate of 6.4 percent paid semiannually. The bonds mature in 26 years, have a face value of $1,000, and sell at 106.5 percent of par. What is the capital structure weight of the preferred stock?

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