Assume That AJC Is Considering Changing from Its Original Capital

question 14

Multiple Choice

assume that AJC is considering changing from its original capital structure to a new capital structure with 50% debt and 50% equity.If it makes this change, its resulting market value would be $820,000.What would be its new stock price per share?

• A)$58
• B)$59
• C)$60
• D)$61
• E)$62

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