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2. Capital structure: a. Convertible 6% bonds. Each of the $1,000 bonds is convertible into 50 shares of common stock at the present date and

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2. Capital structure: a. Convertible 6\% bonds. Each of the $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. b. Preferred stock, $10 par, 3\%, cumulative, 200,000 shares issued and outstanding during the entire year c. $10 par common stock, 200,000 shares issued and outstanding during the entire year. d. Stock warrants outstanding to buy 16,000 shares of common stock at an option price of $20 per share. 2. Capital structure: a. Convertible 6\% bonds. Each of the $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. b. Preferred stock, $10 par, 3\%, cumulative, 200,000 shares issued and outstanding during the entire year c. $10 par common stock, 200,000 shares issued and outstanding during the entire year. d. Stock warrants outstanding to buy 16,000 shares of common stock at an option price of $20 per share

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