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Use the information for the question(s) below.
Kinston Enterprises has no debt and a debt obligation of $47 million that is due now.The market value of Kinston's assets is $102 million,and the firm has no other liabilities.Assume that capital markets are perfect and that Kinston has 5 million shares outstanding.
-The number of new shares that Kinston must issue to raise the capital needed to pay its debt obligation is closest to:
In Living Color
A groundbreaking American sketch comedy television series that aired in the early 1990s, known for its diverse cast and culturally relevant themes.
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A condition in the marketplace where businesses operate on a level playing field, with regulations in place to ensure no undue advantages exist.
Justice Department
A United States executive branch department tasked with upholding the law and managing the justice system.
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A context or venue where goods and services are exchanged. In film, it can refer to both the physical and digital platforms where films are distributed and sold.
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