SOLUTION: Given debt D, equity is worth 42.9-D. Selling 50% of equity, together with debt must raise 30 million:
Solve for D:
.5*(42.9-D)+D=30
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Question 462045: Given debt D, equity is worth 42.9-D. Selling 50% of equity, together with debt must raise 30 million:
Solve for D:
.5*(42.9-D)+D=30
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Multiply both sides by 2.
Collect like terms.
Add -42.9 to both sides.
John
My calculator said it, I believe it, that settles it
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