Bryan Invested in Bryco NV Shares When the Firm Was

Multiple Choice

Bryan invested in Bryco NV shares when the firm was financed solely with equity.The firm is now utilizing debt in its capital structure.To unlever his position,Bryan needs to:

A) borrow some money and purchase additional shares of Bryco.
B) maintain his current position as the debt of the firm did not affect his personal leverage position.
C) sell some shares of Bryco and hold the proceeds in cash.
D) sell some shares of Bryco and loan it out such that he creates a personal debt-equity ratio equal to that of the firm.
E) create a personal debt-equity ratio that is equal to exactly 50% of the debt-equity ratio of the firm.