Anconia Copper is an all-equity financed firm with 60 million shares outstanding, which are currently trading at $20 per share. Last month, Anconia announced that it will change its capital structure by issuing S300 million in debt. $200 million raised by this issue, plus another $200 million in cash that Anconia already has, will be used to repurchase existing shares of stock at a fair price. Assume that capital markets are perfect. a) At the conclusion of this transaction, what will be the value of a share of Anconia Copper will be closest to: A) $18.33 B) $20.00 C) $25.00 D) $27.50 b) Suppose you are a shareholder in Anconia Copper holding 300 shares, and you disagree with flic decision to lever the firm. You can undo the effect of this decision by A) borrowing $2,000 and buying 100 shares of stock. B) selling 100 shares of stock and lending $2,000. C) borrowing $1, 200 and buying 60 shares of stock. D) selling 60 shares of stock and lending $1, 200