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Baruk Industries has no cash and a debt obligation of $34 million that is now due

Finance

Baruk Industries has no cash and a debt obligation of $34 million that is now due. The market value of? Baruk's assets is $76 ?million, and the firm has no other liabilities. Assume perfect capital markets.

a. Suppose Baruk has 18 million shares outstanding. What is? Baruk's current share? price?

b. How many new shares must Baruk issue to raise the capital needed to pay its debt? obligation?

c. After repaying the? debt, what will? Baruk's share price? be?

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