Question
Dye Trucking raised $145 million in new debt and used this to buy back stock. After the recap, Dyes stock price is $17.75. If Dye
Dye Trucking raised $145 million in new debt and used this to buy back stock. After the recap, Dyes stock price is $17.75. If Dye had 38 million shares of stock before the recap, how many shares (in millions) does it have after the recap?
| 48.90 | ||
| 10.78 | ||
| 46.59 | ||
| 29.83 | ||
| 43.59 |
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
