|
Title: MJ Enterprises has 50 million shares outstanding with a market price of $25 per share and no debt. ... Post by: EpiscoWhat on Nov 20, 2017 MJ Enterprises has 50 million shares outstanding with a market price of $25 per share and no debt. MJ has had consistently stable earnings, and pays a 35% tax rate. Management plans to borrow $500 million on a permanent basis through a leveraged recapitalization in which they would use the borrowed funds to repurchase outstanding shares. Calculate MJ's share price following announcement of the recapitalization plan.
Title: Re: MJ Enterprises has 50 million shares outstanding with a market price of $25 per share and no ... Post by: pbrown223 on Nov 20, 2017 Content hidden
|