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The Greenbriar is an all-equity firm with a total market value of $557,000 and 21,900 shares of stock outstanding. Management is considering issuing $161,000 of
The Greenbriar is an all-equity firm with a total market value of $557,000 and 21,900 shares of stock outstanding. Management is considering issuing $161,000 of debt at an interest rate of 6 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 6,330 shares 7,673 shares O O 380 shares 7,034 shares O 33,420 shares
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