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  3. 2. the auto group has 1,000 bonds outstanding that

2. The Auto Group has 1,000 bonds outstanding that are selling for $850 each. The...

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Accounting

2. The Auto Group has 1,000 bonds outstanding that are selling for $850 each. The company also has 8,400 shares of preferred stock at a market price of $70 each. The common stock is priced at $65 a share and there are 30,000 shares outstanding. What is the weight of the preferred stock as it relates to the firm's weighted average cost of capital?

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