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Jackits has 5.8 million shares of common stock outstanding, 1.8 million shares of preferred stock outstanding, and 28.00 thousand bonds. if the common shares are selling for $28.80 per share, the preferred shares are selling for $14.30 per share, and the bonds are selling for 97.92 percent of par, what would be the weight used for equity in the computation of jackit's wacc?
33.33%
75.86%
76.04%
66.67%
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Answers: 1
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