Problem #1 (15 marks) Stephanos Structures Limited (SSL) has common stock outstanding with a current share price of $58, and a book value per share of $6. Dividends paid by the company for the last number of years are given in the table below; the most recent dividend received by the common shareholders was $3.40 in 2021

\fCampbell Sports Equipment Limited (CSEL) Assets Liabilities & Shareholders' Equity Cash & short-term securities $14,000,000 Bonds, coupon = 9%, paid semi-annually (maturity 15 years, $1,000 face value) $10,000,000 Accounts Receivable 9,000,000 Preferred Stock (Par value $20 per share) 2,000,000 Inventories 6,000,000 Common Stock (1,000,000 shares outstanding) 10,000,000 Plant & Equipment 41,000,000 Retained Earnings 48,000,000 Total $70,000,000 Total $70,000,000