The following data concerning Spencer Transgenics' capital structure is available. $ millions Market Values Accounts Payable &
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Question:
The following data concerning Spencer Transgenics' capital structure is available.
$ millions | Market Values |
Accounts Payable & Accruals | |
Short-term notes | $150 |
Long-term debt | $600 |
Preferred Stock | $150 |
Common Stock | $1500 |
Total | $2400 |
a) The percentage of common stock in Spencer's weighted average cost of capital is _____%
b)The percentage of debt in Spencer's weighted average cost of capital is _______%.
Related Book For
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
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