Question: Problem 16-3 Restructuring Strategy (LG16-1) share and that 22 mmon shares are outstanding the e-aho pose that La John Industries' equty is arrenty seling for
Problem 16-3 Restructuring Strategy (LG16-1) share and that 22 mmon shares are outstanding the e-aho pose that La John Industries' equty is arrenty seling for S29 has 52,000 bonds outstanding. which are selling at 104 percent of par. Assume U John was considering an active change to its capital structure so that the firm would have a (D/E) of 13 Which type of security (stocks or bonds) would it need to sell to accomplish this? sell bonds and buy back stock Osell stocks and buy back bonds How mach would the firm have to seli? (Eter your answer in dolars not in millions. Do not round intermediate calculations and round your final answer to 2 decimal places option command command option
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