Use the Following Information to Answer the Question(s)below

question 97

Multiple Choice

Use the following information to answer the question(s) below.
Galt Industries has 50 million shares outstanding and a market capitalization of $1.25 billion.It also has $750 million in debt outstanding.Galt Industries has decided to delever the firm by issuing new equity and completely repaying all the outstanding debt.Assume perfect capital markets.
-The number of shares that Galt must issue is closest to:

• A)15 million.
• B)25 million.
• C)30 million.
• D)40 million.

Grasp the rationale behind farm subsidies, including the parity concept and arguments for financial support.

Acquire knowledge of historical and current farm policies and their origins.

Analyze the environmental and economic consequences of agricultural price supports.

Understand the mechanisms through which farm programs and international trade agreements affect agricultural markets.

---

Definitions:

Combo Box

A user interface control that combines a drop-down list box with a single-line textbox, allowing users to select an item from the list or enter a custom value.

Form Design View

The interface in database software that allows users to design and customize the layout and fields of a form.

Right Border

The line or boundary on the right side of a document, table cell, or other elements which encloses or borders it.

Size/Shape Button

An interface element in graphical user interfaces that allows users to adjust the dimensions or form of selected objects or elements.