Question
Bahamas Power and Light Corporation just made 4,500,000 income for 2021. When the corporation started up, is 35,000($1,000 par value) 20 year % annual coupon
Bahamas Power and Light Corporation just made 4,500,000 income for 2021. When the corporation started up, is 35,000(\$1,000 par value) 20 year % annual coupon bands, 250, 000 shares of preferred stock at $100 par value that pay dividend and 5 million shares of common stock were issued at $4 per share. BPL wants to pay $0.10 per share common stock dividend and the only cash available for all payments is the $ 1, 500, 000 in income they eamed this year a) How much will the total to bondholders be this year? b) How much will the total to preferred stockholders be this year? How much will the total to common stockholders be this year? )
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