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In a excel format Given the following information for McCumber Energy: Debt - 7,000 6 percent coupon bonds outstanding, $1,000 par value, 25 years to
In a excel format
Given the following information for McCumber Energy: Debt - 7,000 6 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity selling for 106 percent of par; the bonds make semi-annual payments Preferred shares - 15,000 shares paying a dividend of $3.65 per preferred shares outstanding currently selling at $72 per share Common shares - 300,000 common shares outstanding, selling at $55 per share. Given the following information for McCumber Energy: Debt - 7,000 6 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity selling for 106 percent of par; the bonds make semi-annual payments Preferred shares - 15,000 shares paying a dividend of $3.65 per preferred shares outstanding currently selling at $72 per share Common shares - 300,000 common shares outstanding, selling at $55 per shareStep by Step Solution
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