Let's go back to the Double-R Nutting Company. Suppose that Double-Rs bonds have a face value of $51. Its current market value balance sheet is: Assets Net working capital Fixed assets $ Book-Value Balance Sheet Liabilities and Equity 25 Bonds outstanding 15 Common stock 40 Total liabilities and shareholders' equity $ 30 10 Total assets $ $ 40 Who would gain or lose from the following maneuvers? a. Double-R pays a $15 cash dividend. b. Double-R halts operations, sells its fixed assets for $7, and converts net working capital into $25 cash. It invests its $32 in Treasury bills. c. Double-R encounters an investment opportunity requiring a $15 initial investment with NPV = $0. It borrows $15 to finance the project by issuing more bonds with the same security, seniority, and so on, as the existing bonds. d. Double-R finances the investment opportunity in part (c) by issuing more common stock. Stockholders Bondholders a. b. C. d