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  3. the downtowner has 132,732 shares of common stock

The Downtowner has 132,732 shares of common stock outstanding valued at $25 a share along...

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Finance

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The Downtowner has 132,732 shares of common stock outstanding valued at $25 a share along with 14,445 bonds selling for $943 each. What weight should be given to the debt when the company computes its weighted average cost of capital? Do not round intermediate calculations. Round your answer to the nearest tenth of a percent. Express your answer as a decimal (e.g. ".468" for 46.8%)

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