Question
Barnhart Co. has the following capital structure: Bonds (11%) $95 mil Common Stock($.75 par) $15 mil Paid in Capital $250 mil Retained Earnings $535 mil
Barnhart Co. has the following capital structure:
Bonds (11%) $95 mil
Common Stock($.75 par) $15 mil
Paid in Capital $250 mil
Retained Earnings $535 mil
If the firm has only had one stock issue, what was the stock price when it was issued?
| $13.25 | ||
| $20 | ||
| $40 | ||
| $44.75 |
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
