How does the use of these securities create value for cci

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1) What exactly are FELINE PRIDES securities and how are they structured to provide the benefits of both equity and debt? How does the use of these securities create value for CCI? What are the advantages/disadvantages to firms using this security?

2) How can the FELINE PRIDES be accounted for in calculating the leverage ratio and the Cox family's equity stake in CCI? What is the correct value of Cox family's economic equity stake after the issuance of FELINE PRIDES?

 

Reference no: EM13256294

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