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ABC Stores is an all-equity firm with 2,282 shares outstanding. The price of each share is $164. The firm is issuing $73,672 of debt and

ABC Stores is an all-equity firm with 2,282 shares outstanding. The price of each share is $164. The firm is issuing $73,672 of debt and using the proceeds to reduce the number of outstanding shares. How many shares of stock will be outstanding once the debt is issued? Assume no taxes.

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