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Mice21 [21]
3 years ago
15

Southern Goods has an estimated going-concern value of $2 million. As a result of negotiations the firm's bankruptcy reorganizat

ion plan consists of $600,000 in new mortgage debt, $250,000 in subordinated debt, and $1,150,000 in new equity. Currently the firm has a mortgage of $823,000, other secured debt of $89,000, and unsecured debt of $1.34 million. According to the APR, what will the stockholders receive if they currently have 2 million shares with a par value of $1 each
Business
1 answer:
Alex_Xolod [135]3 years ago
7 0

Answer:

$0

Explanation:

Based on the information given what the STOCKHOLDERS RECEIVE if they currently have 2million shares with a par value of $1 each will be $0 reason been that the Stockholder claims have the LOWEST PRIORITY in a bankruptcy based on the fact that the debts amount has exceeded the firm's value which means that there is $0 amount left for current shareholders.

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The bonds issued by United Corp. bear a coupon of 6 percent, payable semiannually. The bond matures in 20 years and has a $1,000
pishuonlain [190]

Answer: 6.40%

Explanation:

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= RATE(Nper,Pmt,-Pv,Fv)

Nper is number of periods = 20 * 2 = 40 semi annual periods

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Pv is the present value = $955

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= RATE (40,60,-955,1000)

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5 0
3 years ago
Select the best term to describe the following examples.
Bezzdna [24]

Answer:

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6 0
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Assume all items involve cash unless there is information to the contrary. (a) Purchase of equipment. choose the type of cash fl
VARVARA [1.3K]

Answer: Please see answer in explanatory column

Explanation:Classifying each according to cash flow activity in terms of operating, investing, or financing activity gives

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