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Question: florida groves has 380 bonds outstanding that are selling at...

Question details

Florida Groves has 380 bonds outstanding that are selling at 97.4 percent of face value. The

firm also has 2,600 shares of preferred stock valued at $61 a share and 37,500 shares of common

stock valued at $19 a share. What weight should be assigned to the common stock when

computing the weighted average cost of capital?

=57.40%

-Please check the answers and show all work typed out. No excel or grid style please as I am on mobile.

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