FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sub: financial accounting

Suppose Chrysler Motors has 720
million shares outstanding with a
share price of $68.25, and $30
billion in debt. If in three years,
Chrysler has 750 million shares
outstanding trading for $76 per
share, how much debt will Chrysler
have if it maintains a constant
debt-equity ratio?
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Transcribed Image Text:Suppose Chrysler Motors has 720 million shares outstanding with a share price of $68.25, and $30 billion in debt. If in three years, Chrysler has 750 million shares outstanding trading for $76 per share, how much debt will Chrysler have if it maintains a constant debt-equity ratio?
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