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Business, 28.11.2019 22:31 izzy488

The green briar is an all-equity firm with a total market value of $599,000 and 23,300 shares of stock outstanding. management is considering issuing $217,000 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?

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