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Monel paintings is an all-equity firm with 30 million shares cukstanding. Which are currently trading at $40 per share. The Board of Directors has announced

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Monel paintings is an all-equity firm with 30 million shares cukstanding. Which are currently trading at \$40 per share. The Board of Directors has announced that they will change the finm capital structure by issuing $1000 milion in debt. The $1000 milion raised by this assue will be used to repurchase existing shares of stock. Assume that capital markets are perfect. Nurmber of shares fepurchased milion shares Price per share: 1 per ahare

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