Solar Shades has 6.6 million shares of common stock outstanding, 5.6 million shares of preferred stock outstanding, and 26 thousand bonds. If the common shares are selling for $29.70 per share, the preferred share are selling for $31.60 per share, and the bonds are selling for 104.84 percent of par, what would be the weight used for equity in the computation of Solar Shade’s WACC?33.33%48.98%66.67%53.98%
Solar Shades has 6.6 million shares
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