Question: Bill's Boards has 6 . 4 million shares of common stock outstanding, 5 . 4 million shares of preferred stock outstanding, and 3 4 .

Bill's Boards has 6.4 million shares of common stock outstanding, 5.4 million shares of preferred stock outstanding, and 34.00 thousand bonds. If the common shares are selling for $29.50 per share, the preferred share are selling for $18.40 per share, and the bonds are selling for 95.86 percent of par, what would be the weight used for common stock in the computation of Bill's WACC?

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