A company finance with three type of capital : debt, common stock and preferred stock. It has a 700shares of bond outstanding that is selling at 102percent of face value($1,000); 6,900shares of preferred stock with a market price of $37 a share; and 16,000shares of common stock with a price of $37 a share for the common stock. What is the capital structure weight of the preferred stock out of firm's total capital

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan