Dye trucking raised 200 million in new debt and used this, Financial Management

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Dye trucking raised 200 million in new debt and used this

Shares Remaining After Recapitalization

Dye Trucking raised $200 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $6.25. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.

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Financial Management: Dye trucking raised 200 million in new debt and used this

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