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Question 97 points) Saved X-X istily firm that has 400,000 shares of stock outstanding. The company is in the process of borrowing $8 million at
Question 97 points) Saved X-X istily firm that has 400,000 shares of stock outstanding. The company is in the process of borrowing $8 million at 9% interest to repurchase 200.000 shares of the outstanding stock. What is the value of this firm after the capital structure changes if firm pays no tax? $16.8 million $21.2 million $32 million Save $20,0 million $16 million
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
