Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap?
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- Dye Trucking raised $150 million in new debt and used this to buy backstock. After the recap, Dye’s stock price is $7.50. If Dye had 60 million sharesof stock before the recap, how many shares does it have after the recap?Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap? ANSWERVeer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap?
- Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap? HELPNeed answerVeer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap? Accounting
- Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap? Accounting problemQuestion: Dye Trucking raised $240 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8. If Dye had 50 million shares of stock before the recap, how many shares does it have after the recap?How many shares ?
- The shares of a company trade today for $37. The company is fairly valued at this current price. There are 39 million shares outstanding prior to the repurchase. The company has announced that it intends to spend $265 million on an open market repurchase. Assume that the company is able to repurchase shares at a price of $39.00. Assume that the company is all-equity financed. What fraction of shares does the company repurchase? What is the share price after the repurchase?Stag company currently pays a $4.20 annual cash dividend. Stag can issue new shares for $40 with $5 flotation cost. What is the cost of new stocks? a) 12% b) 12.5% c) 10.5% d) 8.4%In previous years, Cox Transport reacquired 2 million treasury shares at $24 per share and, later, 1 million treasury shares at $27 per share. If Cox now sells 2 million treasury shares at $29 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital share repurchase increase? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Paid-in capital-share repurchase will increase by million