Question
Dye Trucking raised $270 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.00. If Dye
Dye Trucking raised $270 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.00. If Dye had 50 million shares of stock before the recap, how many shares(in millions)does it have after the recap?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
