Question
Brenner & Brenner is an all equity firm that has 500,000 shares of stock outstanding. The company is in the process of borrowing $8 million
Brenner & Brenner is an all equity firm that has 500,000 shares of stock outstanding. The company is in the process of borrowing $8 million at 9% interest to repurchase 200,000 shares of the outstanding stock. What is the value of this firm if you ignore taxes?
| $20.0 million | ||
| $20.8 million | ||
| $21.0 million | ||
| $21.2 million | ||
| $21.3 million |
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The VAT In Developing And Transitional Countries
Authors: Richard Bird, Pierre-Pascal Gendron
1st Edition
0521877652,0511353111
