markets. a. Suppose GP issues $237 million of new stock to buy back the debt. What is the expected return of the stock after this transaction? b. Suppose instead GP issues $67.73 million of new debt to repurchase stock. i. If the risk of the debt does not change, what is the expected return of the stock after this transaction? ii. If the risk of the debt increases, would the expected return of the stock be higher or lower than when debt is issued to repurchase stock in part (i)