Question
Wyatt Oil has assets with a market value of $600 million, $70 million of which are cash. It has debt of $250 million, and 20
Wyatt Oil has assets with a market value of $600 million, $70 million of which are cash. It has debt of $250 million, and 20 million shares outstanding. Assume perfect capital markets.
If Wyatt Oil distributes the $70 million as a dividend, then its debttoequity ratio after the dividend will be closest to:
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
