Solution-Shares remaining after recapitalization

Shares remaining after recapitalization

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Reference no: EM132348726

Shares Remaining After Recapitalization

Dye Trucking raised $130 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7. If Dye had 50 million shares of stock before the recap, how many shares does it have after the recap? Do not round intermediate calculations. 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.

Reference no: EM132348726

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Shares remaining after recapitalization

Reference no: EM132348726

Reference no: EM132348726

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