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PLZ HELP WILL VOTERE (Dividend policy and the issue of new shares of common stock Camfield Enterpriseshad just completed its annual planning and budgeting process
PLZ HELP WILL VOTERE
(Dividend policy and the issue of new shares of common stock Camfield Enterpriseshad just completed its annual planning and budgeting process and needs to raise 23 milion to face total expenditures for the coming year. The firm earned $22 milion last year and will pay out half this amount individends. If the firm's CFO wants to finance new investments in more than 50 percent debt financing, how much common stock will the firm have to lose to raise the needed 523 milion? How much common stock wil the firm have to issue? it smilion (Round to two decimal places) th d ng tor -os wer Step by Step Solution
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