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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
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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