Debt–equity ratio for company based on market values

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Reference no: EM131905676

1. The shareholders of Bryant Power Corp. need to elect four new directors to the board. There are 13,100,000 shares of common stock outstanding, and the current share price is $10.20. If the company uses cumulative voting procedures, how much will it cost to guarantee yourself one seat on the board of directors?

2. Kiedis Corp. has interest bearing debt with a market value of $70.3 million. The company also has 2.7 million shares that sell for $24 per share. What is the debt–equity ratio for this company based on market values?

Reference no: EM131905676

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