$1$

$3$

points

$03$:$37$:$31$

JackITs has $6\mathrm{.}5$ million shares of common stock outstanding, $2\mathrm{.}5$ million

shares of preferred stock outstanding, and $35\mathrm{.}00$ thousand bonds. If

the common shares are selling for $$29\mathrm{.}60$ per share, the preferred

share are selling for $$15\mathrm{.}00$ per share, and the bonds are selling for

$97\mathrm{.}85$ percent of par, what would be the weight used for common stock

in the computation of JackIT's WACC?

Multiple Choice

$71\mathrm{.}94\%$

$66\mathrm{.}67\%$

$72\mathrm{.}84\%$

$33\mathrm{.}33\%$