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Business, 04.04.2020 01:26 nataliaalejandradasi

He new CFO wants to employ enough debt to raise the total debt to total capital 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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He new CFO wants to employ enough debt to raise the total debt to total capital ratio to 40%, using...
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