1. Town Crier has 6.7 million shares of common stock outstanding, 3.7 million shares of preferred stock outstanding, and 27.00 thousand bonds. If the common shares are selling for $29.80 per share, the preferred share are selling for $17.20 per share, and the bonds are selling for 96.83 percent of par, what would be the weight used for equity in the computation of Town Crier's WACC?
66.67%
68.98%
33.33%
64.26%
2. A bond that promises only a single, fixed payment at maturity is known as:
a. consol
b. income bond
c. convertible bond
d. callable bond
e. zero-coupon bond