MV Corporation has debt with market value of $100 million, common equity with a book value of $97 million, and preferred stock worth $23 million outstanding. Its common equity trades at $45 per share, and the firm has 6.2 million shares outstanding. What weights should MV Corporation use in its WACC? **round to two decimal places**

MV Corporation has debt with market value of $100 million, common equity with a book value of $97 million, and preferred stock worth $23 million outstanding. Its common equity trades at $45 per share, and the firm has 6.2 million shares outstanding. What weights should MV Corporation use in its WACC? round to two decimal places

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.3DC

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