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Save Subrnit As Questions Problem 15-09 (Shares Remaining after Recapitalization) Question 7 of 8 Check My Work eBook Shares Remaining After Recapitalization Dye Trucking raised

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Save Subrnit As Questions Problem 15-09 (Shares Remaining after Recapitalization) Question 7 of 8 Check My Work eBook Shares Remaining After Recapitalization Dye Trucking raised $220 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $5.50. If Dye had 70 million shares of stock before the recap, how many shares does it have after the recap? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number. million shares a 6/152 29

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