Middle Eastern Midway Products currently has 2 5 , 5 0 0 shares of stock outstanding. David,
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Question:
Middle Eastern Midway Products currently has shares of stock outstanding. David, the financial manager, is considering issuing $ of debt at an interest rate of percent. Given this, how many shares of stock will be outstanding once the debt is issued if the breakeven level of EBIT between these two capital structure options is $ Ignore taxes.
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