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If the firm is in the 34 tax bracket how many shares of

The Nerbone Net Corporation is unlevered, is valued at $100,000, and has 10,000 shares outstanding. The company announces that in the near future it will issue $40,000 of debt and buy back $40,000 of stock. If the firm is in the 34% tax bracket, how many shares of stock will be repurchased?

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Financial Accounting: If the firm is in the 34 tax bracket how many shares of

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