33 Executive Chais financed solely by common stock and has outstanding 28 to share with a market price of $16 a share now announces that it intends to me 5240 million of debt and to use the proceeds to buy back common stock 10 How is the market price of the stock affected by the amouncement! b. How many shares can the company buy back with the $240 million of new debt that is (ner your answer in milione) 1. What is the market value of the form fequity plus debatter the change in tal structure Enter your answer in million) 2. Did the market value of the firm change! d. What is the debt ratio after the change in structure found your answer to 2 decimal places) Whof anyone in res? 3 Efecto Shasha 62 homo? Du