(Answered) A company currently has 100 million of debt and intends to

Finance

A company currently has $100 million of debt, and intends to raise additional $75 million in new debt and use this new debt to buy back stock. The current price of the stock price is $10 and the number of shares outstanding is 30 million. How many shares they will repurchase and How many shares they will have after the recap?

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