Kim's Shoppe has 17,613 shares of common stock outstanding at a price of $35 a share. It also has 3,003 shares of preferred stock outstanding at a price of $163 a share. There are 50 bonds outstanding that have a 0.12 semiannual coupon. The bonds mature in 17 years, have a face value of $892, and sell at 102 of par. What is the capital structure weight of the common stock?
Capital Structure Weights
Value of Common Equity/(Total value of debt + equity)