FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question: Dye Trucking raised $240 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8. If Dye had 50 shares of stock before the recap, how many shares does it have after the recap? million
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Transcribed Image Text:Question: Dye Trucking raised $240 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8. If Dye had 50 shares of stock before the recap, how many shares does it have after the recap? million
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