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on september 25th, 2017, green hill announced a new leveraged recaptializationn program. the company announced that they would borrow 300 million from goldman sachs to
on september 25th, 2017, green hill announced a new leveraged recaptializationn program. the company announced that they would borrow 300 million from goldman sachs to repurchase stock. the company had 30 million shares outsranding and each share was trading for $14.5 before the announcement, the company had about $80 million of debt before the announcement. the cost of debt was 3.5% before the annoucement. assuming a tax rate of 35%, no bankruptcy costs and no agency cocts, what should be the stock price for greenhill after the anouncement
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