Question
Proctor Power has fixed assets worth $212 million and net working capital worth $112 million. It is financed partly by equity and partly by three
Proctor Power has fixed assets worth $212 million and net working capital worth $112 million. It is financed partly by equity and partly by three issues of debt. These consist of $238 million of First Mortgage Bonds secured only on the companys fixed assets, $112 million of senior debentures, and $132 million of subordinated debentures. If the debt were due today, how much would each debtholder be entitled to receive? (Leave no cells blank - be certain to enter "0" wherever required. Enter your answers in millions.)
Mortgage bonds $ ________million
Senior debentures $ ________million
Subordinated debentures $ ___________ million
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