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Assume that the common stock of Fortunate Ventures, Inc. is currently selling for $23 each with 7 million shares outstanding. The company also has 12,000

Assume that the common stock of Fortunate Ventures, Inc. is currently selling for $23 each with 7 million shares outstanding. The company also has 12,000 bonds outstanding, which sell at 96 percent of face value. If Fortunate Ventures were considering an active change in its capital structure to have a D/E ratio of 0.5, what type of security (stock or bond) would the company need to sell to achieve this and how much would it need to sell? 



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