7. Powlitz Manufacturing (A). Dual classes of com- mon stock are common in a number of countries....
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7. Powlitz Manufacturing (A). Dual classes of com- mon stock are common in a number of countries. Assume that Powlitz Manufacturing has the follow- ing capital structure at book value:
The A-shares each have ten votes, the B-shares each have one vote per share.
a. What proportion of the total long-term capital has been raised by A-shares?
b. What proportion of voting rights is represented by A-shares?
c. What proportion of the dividends should the A- shares receive?
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Related Book For 
Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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