10. 10.00 points Executive Chesse has issued dent with a marcat value of $100.75 milion and has outstanding 15.5 milion shares with a marcat price of $10 a share it now announces that it intends to issue a further 5:56.25 milion of debt and to use the proceeds to buy back common stock. Detholders, seeing the extra rek, mark the value of the existing debt down to $62 milion a. Calculale the market price of the sex fullowing the announcement. (Round your answer to 2 decimal places.) Price of the stock SC b. How many shares con the company buy back with the $56.25 million of new debt that it issues? (Enter your answer in millions. Round your answer to 1 decimal place.) Number of shares milion C. What is the market value of the firn (equity plus telt) after the change in capital structure? (Enter your answer in millions. Round your answer to 2 decimal places.) Market value million d. What is the debt ratio after the change in structure? (Round your answer to 2 decimal places.) Debt ratia c. Who if anyara) gains or loses? The investors in the exising debtluse utile the shareholuers gain. This irresions in the exising doll gain while the sire oldera luss. No one caire ore 10. 10.00 points Executive Chesse has issued dent with a marcat value of $100.75 milion and has outstanding 15.5 milion shares with a marcat price of $10 a share it now announces that it intends to issue a further 5:56.25 milion of debt and to use the proceeds to buy back common stock. Detholders, seeing the extra rek, mark the value of the existing debt down to $62 milion a. Calculale the market price of the sex fullowing the announcement. (Round your answer to 2 decimal places.) Price of the stock SC b. How many shares con the company buy back with the $56.25 million of new debt that it issues? (Enter your answer in millions. Round your answer to 1 decimal place.) Number of shares milion C. What is the market value of the firn (equity plus telt) after the change in capital structure? (Enter your answer in millions. Round your answer to 2 decimal places.) Market value million d. What is the debt ratio after the change in structure? (Round your answer to 2 decimal places.) Debt ratia c. Who if anyara) gains or loses? The investors in the exising debtluse utile the shareholuers gain. This irresions in the exising doll gain while the sire oldera luss. No one caire ore