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Credit Analysis: Compute the Debt / EBITDA ratio for the 5% Subordinated Bonds in the following capital structure. Cheeter Inc. $100 million Equity Market Value
Credit Analysis:
Compute the Debt / EBITDA ratio for the 5% Subordinated Bonds in the following capital structure.
Cheeter Inc.
- $100 million Equity Market Value
- $80 million 5% Subordinated Bonds
- $200 million 3% Senior Bonds
- EBITDA is $70 million
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