Holly's is currently an all equity firm that has 10,000 shares of stock outstanding at a market price of $60 a share. The firm has decided to leverage its operations by reduce outstanding stocks and issuing $120,000 of debt at an interest rate of 9.5 percent. Assume the stock price remains unchanged after the change in capital structure, how many shares remaining after the change in capital structure?
A. 10,000 shares
B. 60, 000 shares
C. 8,000 shares
D. 5,000 shares
E. 4,800 shares