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Zee Manufacturings value of operations is equal to $1,800 million after a recapitalization (the firm had $ 200 million debt before the recap). Zee raised
Zee Manufacturings value of operations is equal to $1,800 million after a recapitalization (the firm had $ 200 million debt before the recap). Zee raised additional $400 million in new debt and used this to buy back the stocks. Zee had no short-term investments before or after the recap. After the recap, wd = 0.35. The firm had 60 million shares before the recap. What is the stock price after the recap?
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