Business, 10.11.2020 17:20 marabic22

Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market price of $20 a share. It now announces that it intends to issue $310 million of debt and to use the proceeds to buy back common stock. There are no taxes. a. What is the expected market price of the common stock after the announcement

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Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market...

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