The following data concerning Spencer Transgenics' capital structure is available.
Market
Book Values
Values (in
(in millions)
millions)
Accounts Payable & Accruals $300
Short-term notes
$150
$150
Long-term debt
$450
$600
Preferred Stock
$75
$150
$600
$1,500
$1,575
$2,400
Common Stock
Total
The percentage of common stock in Spencer's weighted average cost of capital is
Seleccione una:
a. 62.5%.
O b. 6.25%.
O c. 66.7%.
O d. 38.1%.
e. None of the other alternatives is correct.
