Abc printing inc raised 120 million in new debt and used, Ask an Expert

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ABC Printing Inc. raised $120 million in new debt and used this to buy back stock. After the recap, ABC's stock price is $7.5. If ABC had 50 million shares of stock before the recap, how many shares, in millions, does it have after the recap? (Enter the number of shares in millions, i.e., enter 5,500,000 as 5.5)

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Financial Management, Finance

Category:- Financial Management
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