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Mitchell Co. has $2.3 million of debt, $2.5 million of preferred stock, and $1.2 million...

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Question

Accounting

Mitchell Co. has $2.3 million of debt, $2.5 million of preferred stock, and $1.2 million of common equity. What would be its weight on preferred stock?
0.42
0.20
0.46
0.34

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