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A company currently has $100 million of debt, and intends to raise additional $75 million in new debt and use this new debt to buy

A company currently has $100 million of debt, and intends to raise additional $75 million in new debt and use this new debt to buy back stock. The current price of the stock price is $10 and the number of shares outstanding is 30 million. How many shares they will repurchase and How many shares they will have after the recap

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States And The Reemergence Of Global Finance

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ISBN: 0801428599, 978-0801428593

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