Team Sports has 5.2 million shares of common stock outstanding, 3.2 million shares of preferred stock outstanding, and 32 thousand bonds. If the common shares are selling for $4.20 per share, the preferred share are selling for $16.2 per share, and the bonds are selling for 98.88 percent of par, what would be the weight used for common stock in the computation of Team's WACC?
Multiple Choice
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