The current price of the stock price is 10 and the number


A company currently has $100 million of debt, and intends to raise additional $75 million in new debt and use this new debt to buy back stock. The current price of the stock price is $10 and the number of shares outstanding is 30 million.How many shares they will repurchase and How many shares they will have after the recap?

Solution Preview :

Prepared by a verified Expert
Business Management: The current price of the stock price is 10 and the number
Reference No:- TGS02346305

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)