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3. Joshua Shipping Co. is a shipping firm with a current shareprice of $3.50 and 10 million shares outstanding. Suppose JoshuaShipping Co. announces plans to

3. Joshua Shipping Co. is a shipping firm with a current shareprice of $3.50 and 10 million shares outstanding. Suppose JoshuaShipping Co. announces plans to increase its leverage by borrowing$20 m 2 answers

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