4. KMS corporation has assets of $500 million, $50 million of which are cash. It has debt...
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4. KMS corporation has assets of $500 million, $50 million of which are cash. It has debt of $200 million. If KMS repurchases $20 million of its stock:
a. What changes will occur on its balance sheet?
b. What will its new leverage ratio be?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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