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It is January 2nd and senior management of Chester meets to determine their investment plan for the year the year. They decide to fully fund
It is January 2nd and senior management of Chester meets to determine their investment plan for the year the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday's stock price ($49.75) and leverage changes to 2.7. Which of the following statements are true? Select all that apply. Select: 3 Working capital will remain the same at $17, 747, 319 Total assets will rise to $253, 281, 147 Chester will issue stock totaling $3, 731, 250 The total investment for Chester will be $29, 902, 4978 Total liabilities will be $158, 364, 949
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