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GECO has 98.2 million shares outstanding and Mkt Cap (equity value) of 3.38 billion. It has 2.73 billion of debt outstanding. It is decided to

GECO has 98.2 million shares outstanding and Mkt Cap (equity value) of 3.38 billion. It has 2.73 billion of debt outstanding. It is decided to delver the firm by issuing new equity to repay outstanding debt. a. How many new shares must the firm issue? b. Suppose you are a shareholder holding 100 shares, and you disagree with the decision (assuming perfect capital market, describe what you can do to undo the effect of the decision?

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