Determine the shares outstanding once the debt is, Financial Management

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Determine the shares outstanding once the debt is

ABC is an all-equity firm that has 47,550 shares of stock outstanding at a market price of $39.91 per share. The firm is considering a capital structure with 23% debt at a rate of 6% and use the proceeds to repurchase shares. Determine the shares outstanding once the debt is issued.

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Financial Management: Determine the shares outstanding once the debt is

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