New debt-how many shares does it have after the recap

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Dye Trucking raised $230 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7.75. If Dye had 80 million shares of stock before the recap, how many shares does it have after the recap? Enter your answer in millions. Round your answer to two decimal places.

Reference no: EM13919368

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