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debt. Kurz is subject to a 22% corporate tax rate. a. What is the market value of Kurz's existing assets before the announcement? b. What

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debt. Kurz is subject to a 22% corporate tax rate. a. What is the market value of Kurz's existing assets before the announcement? b. What is the market value of Kurz's assets (including any tax shields) just after the debt is issued, but before the shares are repurchased? c. What is Kurz's share price just before the share repurchase? How many shares will Kurz repurchase? d. What are Kurz's market value balance sheet and share price after the share repurchase

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