How many shares does it have after the recap

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Reference no: EM13265159

Dye Trucking raised $270 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.5. If Dye had 70 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 $1.4 million should be entered as 1.2, not 1,150,000. Round your answer to two decimal places.

Reference no: EM13265159

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