Question: Further From Center has 1 0 , 7 0 0 shares of common stock outstanding at a price of $ 4 1 per share. It

Further From Center has 10,700 shares of common stock outstanding at a price of $41 per share. It also has 240 shares of preferred stock outstanding at a price of $92 per share. There are 570 bonds outstanding that have a coupon rate of 6 percent paid semiannually. The bonds mature in 22 years, have a face value of $1,000, and sell at 104.5 percent of par. What is the capital structure weight of the preferred stock?
Multiple Choice
.0209
.4153
.0662
.5638
.0976
 Further From Center has 10,700 shares of common stock outstanding at

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