Thompson & Thomson Is an All Equity Firm That Has

question 43

Multiple Choice

Thompson & Thomson is an all equity firm that has 500,000 shares outstanding.The company is in the process of borrowing €8 million at 9% interest to repurchase 200,000 shares of the outstanding equity.What is the value of this firm if you ignore taxes?

• A)€20.0 million
• B)€20.8 million
• C)€21.0 million
• D)€21.2 million
• E)€21.3 million

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Definitions:

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