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e. 0.985 Further From Center has 10,500 shares of common stock outstanding...

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e. 0.985 image
Further From Center has 10,500 shares of common stock outstanding at a price of $39 per share. It also has 230 shares of preferred stock outstanding at a price of $90 per share. There are 550 bonds outstanding that have a coupon rate of 5.8 percent paid semiannually. The bonds mature in 20 years, have a face value of $1,000, and sell at 94.5 percent of par. What is the capital structure weight of the preferred stock? Multiple Choice 4311 .0218 Oo oo .0671 .5471

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