Fermi Nucleonics, Inc. has 30,000 shares of common stock outstanding at a price of $30 a...

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Fermi Nucleonics, Inc. has 30,000 shares of common stock outstanding at a price of $30 a share. It also has 2,000 shares of preferred stock outstanding at a price of $65 a share. The firm has 7.6 percent, 14-year bonds outstanding with a total face value of $642,000. The bonds are currently quoted at 96.7 and pay interest semiannually. What is the capital structure weight of the firm's debt (in percents) if the tax rate is 25.6 percent? Answer Tolerance: 0.125 Fermi Nucleonics, Inc. has 30,000 shares of common stock outstanding at a price of $30 a share. It also has 2,000 shares of preferred stock outstanding at a price of $65 a share. The firm has 7.6 percent, 14-year bonds outstanding with a total face value of $642,000. The bonds are currently quoted at 96.7 and pay interest semiannually. What is the capital structure weight of the firm's debt (in percents) if the tax rate is 25.6 percent? Answer Tolerance: 0.125