1. PT Kreasi Nusantara plans to re-structure its capital due to the demand of some shareholders who would draw their shares from the company’s equities. To maintain a level of total assets, the company should either increase long-term debts or issue common shares to other shareholders (could be through private placement or initial public offering). Using 2 theories of capital structure, explain how PT Kreasi Nusantara re-structure its capital! (20%)
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3. Discuss why the dividends payment process is much simpler for private companies than for public companies! Use an example of your current company you work with! (15%)