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a. What is the expected return on the company's equity before the announcement of the debt issue? (Do not round intermediate calculations and enter

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a. What is the expected return on the company's equity before the announcement of the debt issue? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the price per share of the company's equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the company's stock price per share immediately after the repurchase announcement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e-1. How many shares will the company repurchase as a result of the debt issue? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e-2. How many shares of common stock will remain after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is the required return on the company's equity after the restructuring? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) g. Answer is complete but not entirely correct. a. Expected return b. Price per share d. New share price e-1. Shares repurchased e-2. New shares outstanding g. Required return $ 17.00 31.89 $ 66,416.77 x 66,416.77 145,583.23 21.00 %

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