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Glo-Garci Records has assets currently worth or valued at $100M. It is currently 100% financed by equity (which means that current market value of the

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Glo-Garci Records has assets currently worth or valued at $100M. It is currently 100% financed by equity (which means that current market value of the company is also $100M ). Belonging to the 50% tax bracket, it plans to issue debt at interest of 10% that will finance half the current market value of its assets. It currently has 2 million shares t common stock. If debt will be issued, the number of common stocks outstanding will be slashed by half. What will be the new estimated market price of its common stock shares after issuance of the debt instrument

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