(156) Shares Remaining after Recapitalization Dye Trucking raised $150 million in new debt and used this to...

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(15–6)

Shares Remaining after Recapitalization Dye Trucking raised $150 million in new debt and used this to buy back stock. After the recap, Dye’s stock price is $7.50. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?

INTERMEDIATE PROBLEMS 7–8

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Financial Management Theory And Practice

ISBN: 9781439078105

13th Edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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