$1.$ Is Paramount insolvent? What factors are putting Paramount in imminent financial

distress in March $2011($what contractual obligations is the company missing$)?$

$2.$ What is the nature of the strategic and operational problems faced by Paramount? Is

it a matter of bad strategy, excessive growth, bad financial planning, wrong capital

structure, wrong kind of debt, or simply bad luck?

$3.$ Evaluate the company's financial policy prior to $2011.$ Is it consistent with the

company's strategic positioning and risk? What errors $($if any$)$ were made: too much

debt, wrong kind of debt?

$4.$ The company has $$220$m outstanding convertible bonds with a coupon rate of $6\mathrm{.}5\%.$

Why would a company in distress issue this type of instrument? Isn$$t this coupon too

high when compared with the cost of the company$$s other debt? What factors may

have influenced this coupon?

$5.$ What are the key elements for a strategic and operating restructuring that will be

required to turn the company around and convince the banks to restructure the debt?

Please detail.