(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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