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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Carbondale Oil announces that a wildcat well that it has sunk in a new oil province has shown the existence of substantial oil reserves. The exploitation of these reserves is expected to increase? Carbondale's free cash flow by $100 million per year for eight years. If investors had not been expecting this? news, what is the most likely effect on? Carbondale's stock price upon the? announcement, given that Carbondale has 80 million shares? outstanding, no? debt, and an equity cost of capital of 10%??
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