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Aiyah inc recently has had financial difficulty and is

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Aiyah, Inc. recently has had financial difficulty and is being liquidated by the Federal Bankruptcy Court. The firm has a liquidation value of $1,000,000 $400,000 from the fixed assets that served as collateral for the mortgage bonds and $600,000 from all other assets. The firm's current capital structure is as follows:

  • Source of Capital Amount
  • Unsecured bonds $500,000
  • Mortgage bonds 400,000
  • Preferred stock 100,000
  • Common stock 500,000

 

Reference no: EM13600452

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