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Your task is to analyze Puyol Corp. s reorganization plan. Puyol Corp. has reported losses for the past three years and has finally decided to
Your task is to analyze Puyol Corp. s reorganization plan. Puyol Corp. has reported losses for the past three years and has finally decided to file for bankruptcy. You know that the company has preferred stock A that has a par value of $121.50, pays a dividend of $8 per share, and that there are 1,400,000 shares of this class outstanding. Preferred stock B is callable at $150, has 70,000 shares outstanding, and pays a dividend of $11.00 per share. The company's common stock has a par value of $2.50 and has 7,000,000 shares outstanding. You have also collected the following data from the company's financial statements
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