Now assume that AJC is considering changing from its original capital structure to a new capital structure that results in a stock price of $64 per share. The resulting capital structure would have a $336,000 total market value of equity and a $504,000 market value of debt. How many shares would AJC repurchase in the recapitalization?
A) 4,250
B) 4,500
C) 4,750
D) 5,000
E) 5,250

Question

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The Answer of Now assume that AJC is considering changing from its original capital structure to a new capital structure that results in a stock price of $64 per share. The resulting capital structure would have a $336,000 total market value of equity and a $504,000 market value of debt. How many shares would AJC repurchase in the recapitalization?
A) 4,250
B) 4,500
C) 4,750
D) 5,000
E) 5,250

Now Assume That AJC Is Considering Changing from Its Original