Finance Assignment | Professional Writing
May 23rd, 2020
Here I Sit Sofas has 7,600 shares of common stock outstanding at a price of $99 per share. There are 800 bonds that mature in 35 years with a coupon rate of 7.3 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 111 percent of par. The company also has 6,500 shares of preferred stock outstanding at a price of $52 per share. What is the capital structure weight of the debt?
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Finance Assignment | Professional Writing
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Multiple Choice
- .6649
- .6963
- .7375
- .2625
- .6196
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