ABC, Inc., has 1,848 shares of common stock outstanding at a price of $408 a share. They also have 1,654 shares of preferred stock outstanding at a price of $50 a share. There are 224 bonds outstanding that are priced at $1,053. What is the weight of the common stock in the capital structure?
Enter your answer as a percentage rounded off to two decimal points. Do not enter % in the answer box.