Question
Leo's Enterprises has no debt and a debt obligation of $47 million that is due now. The market value of Leo's assets is $102 million,
Leo's Enterprises has no debt and a debt obligation of $47 million that is due now. The market value of Leo's assets is $102 million, and the firm has no other liabilities. Assume that capital markets are perfect and that Leo's has 5 million shares outstanding. The number of new shares that Leo's must issue to raise the capital needed to pay its debt obligation is
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
