stuck on plan 2, for plan one i did: (but when i do that for plan 2 it is incorrect)
87,000 * 0.07 = 6,090
100,000 - 6,090 = 93,910
27,000 / 93,910 = 0.2875 *100 = 28.75
Plan I | $29.00 |
Plan II | $29.00 |
working;
price per share under any plan = Debt amount of that plan / (number of share for all equity - number of shares for the plan)
Now,
plan I = $87,000 / (30,000-27,000)
=>$29.00.
plan II = $261,000 / (30,000-21,000)
=>$29.00.
stuck on plan 2, for plan one i did: (but when i do that for plan...
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