Galt Industries has 50 million shares outstanding and a market capitalization of $1.25 billion. It also has $750 million in debt outstanding. Galt Industries has decided to delever the firm by issuing new equity and completely repaying all the outstanding debt. Assume perfect capital markets. The number of shares that Galt must issue is closest to:A) 15 millionB) 25 millionC) 30 millionD) 40 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Galt Industries has 50 million shares outstanding and a market capitalization of $1.25 billion. It also has $750 million in debt ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During an interview you should be modest about your skills and abilities. a. True b. False
Answers (1)
Iqbal, the only muslim employee at his new firm, has approached the equal employment opportunity commission complaining that his colleagues address him as "the local terrorist.
Answers (1)
Diaz Company owns a milling machine that cost $126,000 and has accumulated depreciation of $92,200. Prepare the entry to record the disposal of the milling machine on January 3 in each of the following independent situations.
Answers (1)
In what context (s) are intercultural communication skills and understanding most valuable
Answers (1)
At a volume of 8,000 units, Pwerson Company incurred $32,000 in factory overhead costs, including $12,000 in fixed costs.
Answers (2)
New Questions in Business
Which of the following is an example of pretexting? A. A person accessing your email account without permission B. A person stealing a credit card bill from your mailbox C. A retailer scanning your credit card to steal its number D.
Answers (1)
If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the higher price, decreases.
Answers (1)
Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's death, Jill's interest in the property will: a. pass to Jack as tenant in common. b. pass to Jill's heirs. c.
Answers (1)
If the u. s. government increases the deficit and federal debt, what happens to the value of the u. s. dollar?
Answers (1)
Why are imports considered as a leakage factor? A. Imports do not generate domestic income. B. Domestic industry loses ground as imports increase. C. Imports are taxed heavily, which is a secondary leakage factor. D.
Answers (1)