g. Now consider the case in which Buena Terras management wants to maintain the $3 DPS and
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g. Now consider the case in which Buena Terra’s management wants to maintain the $3 DPS and its target capital structure but also wants to avoid issuing new common stock. The company is willing to cut its capital budget in order to meet its other objectives. Assuming the company’s projects are divisible, what will be the company’s capital budget for the next year?
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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