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Last Minute Loan Services is an all-equity firm with a total market value of $1,221,350 and 50.000 shares of stock outstanding. Management is considering issuing
Last Minute Loan Services is an all-equity firm with a total market value of $1,221,350 and 50.000 shares of stock outstanding. Management is considering issuing $225.000 of debt at an interest rate of 6.25 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities? (Round the number of shares repurchased down to the nearest whole share.) w Multiple Choice 6,211 shares 3,211 shares 9,211 shares 12,116 shares
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