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Baruk Industries has no cash and a debt obligation of $32 million that is now...

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Finance

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Baruk Industries has no cash and a debt obligation of $32 million that is now due. The market value of Baruk's assets is $73 million, and the firm has no other liabilities. Assume perfect capital markets. a. Suppose Baruk has 18 million shares outstanding. What is Baruk's current share price? b. How many new shares must Baruk issue to raise the capital needed to pay its debt obligation? c. After repaying the debt, what will Baruk's share price be? a. Suppose Baruk has 18 million shares outstanding. What is Baruk's current share price? If Baruk has 18 million shares outstanding, the current share price is $ . (Round to the nearest cent.)

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