Grosvenor Ltd. has the following securities outstanding: i. $1,000,000 bond with 10% coupon rate. il. $1,000,000 of

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Grosvenor Ltd. has the following securities outstanding:

i. $1,000,000 bond with 10% coupon rate.

il. $1,000,000 of cumulative preferred shares with a 6.5% dividend rate.

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