DIY has 42,033 shares outstanding and announces that it will issue $531,712 of debt to repurchase its
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DIY has 42,033 shares outstanding and announces that it will issue $531,712 of debt to repurchase its stocks. After the recapitalization, its share price is $43.6 per share. If its tax rate is 37.27% , calculate the stock price before the recapitalization.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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