Kim's Bridal Shoppe has 20,000 shares of common stock outstanding at a price of $17 a share.
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Kim's Bridal Shoppe has 20,000 shares of common stock outstanding at a price of $17 a share. It also has 8,000 shares of preferred stock outstanding at a price of $28 a share. There are 80 bonds outstanding that have a 4.5 percent semiannual coupon. The bonds mature in 12 years, have a face value of $1,000, and sell at 90 percent of par. What is the capital structure weight of the common stock?
Related Book For
Managing in a Global Economy Demystifying International Macroeconomics
ISBN: 978-1285055428
2nd edition
Authors: John E. Marthinsen
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