Galt Industries has 100 million shares outstanding and a market capitalization of $4 billion. It also has
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Galt Industries has 100 million shares outstanding and a market capitalization of $4 billion. It also has $2 billion of outstanding debt. Galt Industries has decided to reduce the company's leverage by issuing new shares and paying off all outstanding debt in full. Assume perfect capital markets. calculate The number of shares Galt must issue.
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