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Assume you own 600 shares of stock in a firm that is 15% debt financed and want to use homemade leverage to unlever your shares

Assume you own 600 shares of stock in a firm that is 15% debt financed and want to use homemade leverage to unlever your shares to replicate an all-equity capital structure. If the stock price is $20 per share, what amount do you need to lend or borrow?

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