Question
A company has raised $90 million to finance their business, with a 50/50 debt to equity ratio. If they want to raise debt to reach
A company has raised $90 million to finance their business, with a 50/50 debt to equity ratio. If they want to raise debt to reach a 70/30 D/E ratio, how much debt would they need to raise?
options:
|
| $40 million |
|
| $15 million |
|
| $60 million |
|
| $35 million |
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
