Hello Sir,
For Dec 2010 Q1 part (ii) and (iv)
1)Under the discussion for the corporate restructuring and management buy out for Unsecured Bond Holders
"With the restructuring option...just over 87% of the company for a total investment of $210m" &
"270m share for $210m which is 77.7c per $1 par value"
How the $210m being calculated/found in the question?
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Doric Co
6y ago#1It is straight from the question.
The unsecured bondholders are currently owed $120m. The bonds will be cancelled and they will also contribute $90m in cash. 120m + 90m = $210m
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