Sports Corp has 11.4 million shares of common stock outstanding, 6.4 million shares of preferred stock outstanding, and 2.4 million bonds. If the common shares are selling for $26.4 per share, the preferred share are selling for $13.9 per share, and the bonds are selling for 96.86 percent of par, what would be the weight used for equity in the computation of Sports's WACC? Multiple Choice 56.44% 11.09% 33.33% 12.47%

Sports Corp has 11.4 million shares of common stock outstanding, 6.4 million shares of preferred stock outstanding, and 2.4 million bonds. If the common shares are selling for $26.4 per share, the preferred share are selling for $13.9 per share, and the bonds are selling for 96.86 percent of par, what would be the weight used for equity in the computation of Sports's WACC? Multiple Choice 56.44% 11.09% 33.33% 12.47%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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