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The Greenbriar is an all-equity firm with a total market value of $530,000 and 21,000 shares of stock outstanding. Management is considering issuing $125,000 of
The Greenbriar is an all-equity firm with a total market value of $530,000 and 21,000 shares of stock outstanding. Management is considering issuing $125,000 of debt at an interest rate of 10 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 O C 53,000 shares 495 shares 6,003 shares 5.503 shares 4,953 shares
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