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Time Watch Co. has $72 million in earnings and is considering paying $8.20 million in interest to bondholders and $6.60 million to preferred stockholders in

Time Watch Co. has $72 million in earnings and is considering paying $8.20 million in interest to bondholders and $6.60 million to preferred stockholders in dividends. Use Table 17-4. What are the bondholders' contractual claims to payment

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