How many shares does it have after the recap


Question:

Dye Trucking raised $150 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7.5. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?

Solution Preview :

Prepared by a verified Expert
Finance Basics: How many shares does it have after the recap
Reference No:- TGS02075077

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)