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1-Dirty Don's Bicycle Shop is current financed with 100% equity.The firm currently has 100,000 shares of common stock outstanding, selling for $50 per share.Don is
1-Dirty Don's Bicycle Shop is current financed with 100% equity.The firm currently has 100,000 shares of common stock outstanding, selling for $50 per share.Don is considering a capital restructuring project, where the firm would be financed with 45% debt and 55% equity.How many bonds would Don have to sell at par value? (Remember that par value of a bond is $1,000).
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