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The Greenbriar is an all-equity firm with a total market value of $602,000 and 23,400 shares of stock outstanding. Management is considering issuing $221,000 of

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The Greenbriar is an all-equity firm with a total market value of $602,000 and 23,400 shares of stock outstanding. Management is considering issuing $221,000 of debt at an interest rate of 7 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities? Multiple Choice 601 shares 9,545 shares C 8,590 shares 10,413 shares 42,140 shares

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