The Marsh Company, Whose Present Balance Sheet Is Summarized Below

question 35

Multiple Choice

The Marsh Company, whose present balance sheet is summarized below, is considering the issuance of $50 million of 8% subordinated debentures that are convertible into common stock at a price of $20.

Determine the amount of long-term debt (LTD) and common equity (CE) on the pro forma balance sheet, assuming conversion of the entire issue (Answers are in $ million) .

• A)LTD $150, CE $250
• B)LTD $150, CE $300
• C)LTD $200, CE $300
• D)LTD $200, CE $250

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Definitions:

Position

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Decision Tree

A diagram that shows the various outcomes from a series of decision points, allowing for clear decision-making and prediction.