Blue Spoon Ltd has a $300-million-face-value bond issue outstanding. The bonds carry a 5% coupon rate with interest paid semi-annually and was issued as a 10 year bond four years ago. The bond is currently priced to provide a yield of 4%. Blue Spoon has 10 million preferred shares outstanding. The shares carry a stated dividendIof

$4.50 per share and are currently trading at $52.57 per share. Par value of the preferred shares is $50.00. Blue Spoon has 25 million common shares outstanding.