FarCryIndustries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares
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Question:
FarCryIndustries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares are selling for $28 per share, the preferred shares are selling for $15.00 per share, and the bonds are selling for 98% of par.
What would be the weight used for equity in the computation of FarCry's WACC?
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