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Shares Remaining After Recapitalization Company XWZ raised $250 million in new debt and used this to buy back stock. After the recapitalization, Company XWZs stock

Shares Remaining After Recapitalization

Company XWZ raised $250 million in new debt and used this to buy back stock. After the recapitalization, Company XWZs stock price is $7.25. If XWZ Corp. had 70 million shares of stock before the recapitalization, how many shares does it have after the recapitalization?

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