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Yehti Manufacturing (A). Dual classes of common stock are common in a number of countries. Assume that Yehti Manufacturing has the following capital structure
Yehti Manufacturing (A). Dual classes of common stock are common in a number of countries. Assume that Yehti Manufacturing has the following capital structure at book value: The A-shares have ten votes per share and the B-shares have one vote per share. a. What proportion of the total long-term capital has been raised by A-shares? b. What proportion of voting rights is represented by A-shares? c. What proportion of the dividends should the A-shares receive? a. What proportion of the total long-term capital has been raised by A-shares? The proportion of the total long-term capital that has been raised by A-shares is 10.19 %. (Round to two decimal places.) b. What proportion of voting rights is represented by A-shares? The proportion of voting rights represented by A-shares is %. (Round to two decimal places.) (Click on the following icon in order to copy its contents into a spreadsheet.) Local Currency Yehti Manufacturing (millions) Long-term debt 191 Retained earnings 308 Paid-in common stock: 1.1 million A-shares 110 Paid-in common stock: 4.7 million B-shares 470 Total long-term capital 1,079
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