OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and 5,000 bonds. Suppose the common shares sell for $18 per share, the preferred shares sell for $17 per share, and the bonds sell for 108 percent of par.
What weight should you use for preferred stock in the computation of OMG?s WACC?
18 $ 72,000,000.00
17 $ 51,000,000.00
$ 123,540,000.00 58.28%
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