rodeojones903
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So I'm working on the review for a finance class on valuation of mergers and acquisitions and I hit a snag. On the last part of a huge problem I have worked it down to this equation for finding the number of new shares to issue, but for the life of me can't remember how to do it (I know I should know it but I've gone blank).
[50,891,500/(1,500,000 + y)] * y = 10,500,000
I need to solve for y, but for the life of me can't remember how to do it with two variables that are the same and I have not done it in what feels like years. Anyone care to help?
I don't need just the answer though, but the final equation used to find the answer. (which in my check figures is 372,245 so I hope I'm setting it up right).
[50,891,500/(1,500,000 + y)] * y = 10,500,000
I need to solve for y, but for the life of me can't remember how to do it with two variables that are the same and I have not done it in what feels like years. Anyone care to help?
I don't need just the answer though, but the final equation used to find the answer. (which in my check figures is 372,245 so I hope I'm setting it up right).