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Albemarle Corporation, currently an all-equity firm with 17,00 million shares outstanding, each worth 12,00, is considering borrowing 59,00 to repurchase some of its stocks. Once

Albemarle Corporation, currently an all-equity firm with 17,00 million shares outstanding, each worth 12,00, is considering borrowing 59,00 to repurchase some of its stocks. Once the loan is issued, the corporation plans to maintain its capital structure constant. Albemarle is subject to a 30,00% corporate tax rate. At what price will Albemarle repurchase its shares?

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Albemarle Corporation, currently an all-equity firm with 17,00 million shares outstanding, each worth 12,00, is considering borrowing 59,00 to repurchase some of its stocks. Once the loan is issued, the corporation plans to maintain its capital structure constant. Albemarle is subject to a 30,00% corporate tax rate. At what price will Albemarle repurchase its shares

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