Question: Sensor Tech, Inc. has 650 bonds outstanding that are selling for $1,007 each. 2.100 shares of preferred stock with a market price of $74 a
Sensor Tech, Inc. has 650 bonds outstanding that are selling for $1,007 each. 2.100 shares of preferred stock with a market price of $74 a share, and 42,000 shares of common stock valued at $44 a share. What weight should be assigned to the preferred stock when computing the weighted average cost of capital? 6,08 percent 5.40 percent 6.67 percent 5.00 percent 5.85 percent
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