BA350 Financial Management: 16-6 Dye Trucking raised $150 million in new debt and used this

BA350 Financial Management

16-6 Shares Remaining after Recapitalization
Dye Trucking raised $150 million in new debt and used this to buy back stock. After the recap, Dye’s stock price is $7.5. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?
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