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Tom and Jerry's has 2.6 million shares of common stock outstanding, 2.6 million shares of...

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Accounting

Tom and Jerry's has 2.6 million shares of common stock outstanding, 2.6 million shares of preferred stock outstanding, and 16.00 thousand bonds. If the common shares are selling for $13.60 per share, the preferred shares are selling for $10.60 per share, and the bonds are selling for 99.94 percent of par, what would be the weight used for equity in the computation of Tom and Jerry's WACC?

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