Sports Supplies has 15,000 shares of common stock outstanding at a price of $40 a...
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Sports Supplies has 15,000 shares of common stock outstanding at a price of $40 a share, 2,000 shares of preferred stock outstanding at a price of 90 a share and 50 bonds outstanding at a price of 78 percent of parIts currently outstanding bonds have a face value of $1,000 eachIts 7.5% preferred stock has a par value of $100 eachIt has no intention to issue additional common equity and instead will rely on retaining earnings for common equity financingWhat
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