9. 10.00 point Executive Chal is financed solely by common stock and hes outstanding 31 milion shares with a market price of $28 a shere. It now announces that it intends to issue $420 million or det and to use the proceeds to buy back common stock. a. How is the rarket price of the stack affected by the announcemenil? Stock price remains the same Stock price ICASAS Stock prica decreases b. How many shares can the camaany buy back with the $420 million of new dabt that it issues? (Enter your answer in millions.) Shares repurchased milion c-1. What is the market value of the limfequity plus deblj alter the change in capital struclure? (Enter your answer in millions.) Market valus $million C-2. Did the market value of the firm change? Yes d. What is the debt ralio alter the change in structure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Debt ratio e. Who (if anyone) gains or loses? No one pairs or loses Shareholders gain and cebhukdere luse. Deolholders yan and stretrukdere luse. Shareholders gain and ro one les 9. 10.00 point Executive Chal is financed solely by common stock and hes outstanding 31 milion shares with a market price of $28 a shere. It now announces that it intends to issue $420 million or det and to use the proceeds to buy back common stock. a. How is the rarket price of the stack affected by the announcemenil? Stock price remains the same Stock price ICASAS Stock prica decreases b. How many shares can the camaany buy back with the $420 million of new dabt that it issues? (Enter your answer in millions.) Shares repurchased milion c-1. What is the market value of the limfequity plus deblj alter the change in capital struclure? (Enter your answer in millions.) Market valus $million C-2. Did the market value of the firm change? Yes d. What is the debt ralio alter the change in structure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Debt ratio e. Who (if anyone) gains or loses? No one pairs or loses Shareholders gain and cebhukdere luse. Deolholders yan and stretrukdere luse. Shareholders gain and ro one les