Refer to the data for the Anson Jackson Court Company (AJC).Now assume that AJC is considering changing from its original capital structure to a new capital structure with 50% debt and 50% equity.If it makes this change, its resulting market value would be $820,000.What would be its new stock price per share?
A) $58
B) $59
C) $60
D) $61
E) $62

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The Answer of Refer to the data for the Anson Jackson Court Company (AJC).Now assume that AJC is considering changing from its original capital structure to a new capital structure with 50% debt and 50% equity.If it makes this change, its resulting market value would be $820,000.What would be its new stock price per share?
A) $58
B) $59
C) $60
D) $61
E) $62

Refer to the Data for the Anson Jackson Court Company