a. Total annual interest (in thousands): Serial bonds, 8% on $2,400 $192 Mortgage bonds, 10% on $3,000

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a. Total annual interest (in thousands):

Serial bonds, 8% on $2,400 $192 Mortgage bonds, 10% on $3,000 300 Subordinated debentures, 12% of $2,000 240

-$732 -

306 Part 111 Financing and Dividend Policies Total annual principal payments : $100 + $150 = $250 EBIT necessary to service: $250 (1 - .30) = $175.

$2 000 Times interest earned: '-- =

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Financial Management And Policy

ISBN: 9780130326577

12th Edition

Authors: James C. Van Horne

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Question Posted: Oct 21, 2024 05:03 AM

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a. Total annual interest (in thousands): Serial bonds, 8% on $2,400 $192 Mortgage bonds, 10% on $3,000

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Financial Management And Policy

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