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This is my third attempt asking the same question on my homework.
This is my third attempt asking the same question on my homework....please don't answer me with answers in millions only dollars.
Suppose a companies equity is currently selling for $43 per share, with 3.8 million shares outstanding. The firm also has 9000 bonds outstanding which are selling at 93% of par. So assume this company was considering an active change to its capital structure so as to have a D/E of .3.
How much would it have to sell? Enter your answer in DOLLARS not in millions. Do not round intermediate calculations and round your final answer to two decimal places.