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

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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