A firm has 110000 shares of stock outstanding the firm is


A firm has 110,000 shares of stock outstanding. The firm is considering borrowing $1.5 million at 7.5% interest and using the loan proceeds to repurchase 30,000 shares of stock. What is the value of the firm? Ignore taxes.

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Finance Basics: A firm has 110000 shares of stock outstanding the firm is
Reference No:- TGS0601958

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