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Business, 20.12.2019 22:31 jackchelly

Beranek corp has $665,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio?

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Beranek corp has $665,000 of assets, and it uses no debt--it is financed only with common equity. th...
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