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A. Debt/Total capital ratio will improve. B. interest coverage ratio will deteriorate. C. preferred shareholders will rank below debt holders sahould the company file for bankruptcy . A company has just issued $5 million of mandatory redeemable preferred shares with a par value of $100 per share and a7 percent dividend. The issue matures in5 years.
I go for " A", it is the right answer.
I go for A
The Least likely is: A. Debt/Total capital ratio will improve.
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