EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Provide correct answer general accounting
Transcribed Image Text:ABC is an all-equity firm that has 43,240
shares of stock outstanding at a market price
of $15.97 per share. The firm is considering
a capital structure with 50% debt at a rate of
6% and use the proceeds to repurchase
shares. Determine the shares outstanding
once the debt is issued.
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