Edwards currently has 500 million shares outstanding, trading at $60 per share, and $18 billion in debt. If in four years, Edwards has 550 million shares outstanding, trading for $72 per share, how much debt will Edwards have if it maintains a constant debt-equity ratio?

Edwards currently has 500 million shares outstanding, trading at $60 per share, and $18 billion in debt. If in four years, Edwards has 550 million shares outstanding, trading for $72 per share, how much debt will Edwards have if it maintains a constant debt-equity ratio?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation

Section: Chapter Questions

Problem 9MC

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Need help with this financial accounting question not use ai please don't

Edwards currently has 500 million shares outstanding, trading at $60 per share,
and $18 billion in debt. If in four years, Edwards has 550 million shares
outstanding, trading for $72 per share, how much debt will Edwards have if it
maintains a constant debt-equity ratio?

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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