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Business, 25.10.2019 20:43 kayla4352

Sports corp. has 10 million shares of common stock outstanding, 5 million shares of preferred stock outstanding, and 1 million bonds. if the common shares are selling for $25 per share, the preferred shares are selling for $12.50 per share, and the bonds are selling for 97 percent of par, what would be the weight used for equity in the computation of sports' wacc?

(a) 18.59%
(b) 19.49%
(c) 62.50%
(d) 79.75%

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