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Nichols Corporation's value of operations is equal to $500

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Nichols Corporation’s value of operations is equal to $500 million after a recapitalization (the firm had no debt before the recap). It raised $200 million in new debt and used this to buy back stock. Nichols had no short-term investments before or after the recap. After the recap, wd  0.4. What is S (the value of equity after the recap)? Lee Manufacturing’s value of operations is equal to $900 million after a recapitalization (the firm had no debt before the recap). Lee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, wd  1/3. The firm had 30 million shares before the recap. What is P (the stock price after the recap)? Dye Trucking raised $150 million in new debt and used this to buy back stock. After the recap, Dye’s stock price is $7.5. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap? Edit
Submitted: 6 years ago.
Category: Homework