A company just paid a dividend of $3.88, they plan to increase the dividend by 10.8%...

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A company just paid a dividend of $3.88, they plan to increase the dividend by 10.8% next year, by 5.9% in two years and then 2.5% each year forever after that. Expected return for their stock is 9.7%. They have 5,231,485 shares outstanding. The company also has 152,539, $1000.00 face value, 15 year, semi annual bonds issued 9 years ago. The bond has a coupon of 6.3%. Current market rates are 5.3%. It does not have any preferred stock. What is the weight of debt for this company? A company just paid a dividend of $3.88, they plan to increase the dividend by 10.8% next year, by 5.9% in two years and then 2.5% each year forever after that. Expected return for their stock is 9.7%. They have 5,231,485 shares outstanding. The company also has 152,539, $1000.00 face value, 15 year, semi annual bonds issued 9 years ago. The bond has a coupon of 6.3%. Current market rates are 5.3%. It does not have any preferred stock. What is the weight of debt for this company?