Answer:
80.88; 7.80; 11.32
Explanation:
Common Stock:
Value = Number × Price
= 5,000,000 × $28
= $140,000,000
Preferred Stock:
Value = Number × Price
= 1,000,000 × $13.50
= $13,500,000
Bonds:
Value = Number × Price
= 20,000 × $980
= $19,600,000
Total value = $140,000,000+ $13,500,000 + $19,600,000
= 173,100,000
Weight of common stock = Respective Value ÷ Total Value
= $140,000,000 ÷ 173,100,000
= 80.88
Weight of preferred stock = Respective Value ÷ Total Value
= $13,500,000 ÷ 173,100,000
= 7.80
Weight of Bonds = Respective Value ÷ Total Value
= $19,600,000 ÷ 173,100,000
= 11.32
