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The 17 million shares of a company are initially trading at GBP 53.13 per share and the permanent debt of the company is GBP 141

The 17 million shares of a company are initially trading at GBP 53.13 per share and the permanent debt of the company is GBP 141 million. The management of the company announces i) to increase the company's permanent debt with GBP 35 million and ii) to use the proceeds of the debt issue to repurchase shares. The interest rate of the new debt is 4.5%. Interest expenses are tax deductible at the corporate tax rate of 30%. The share price of the company just after the announcement is [GBP, 2 decimals].

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