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Julie has decided to change her investment strategy and wants to sell her shares in a closely held, all equity firm. The other shareholders have
Julie has decided to change her investment strategy and wants to sell her shares in a closely held, all equity firm. The other shareholders have agreed to have the firm borrow $480,000 to purchase Julie's 15,000 shares of stock at the current market value. The total number of shares outstanding is 180,000. What will be the new price per share after the repurchase? Ignore taxes.
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