Use the Following Information to Answer the Question(s)below

question 95

Multiple Choice

Use the following information to answer the question(s) below.
d'Anconia Copper is an all-equity firm with 60 million shares outstanding,which are currently trading at $20 per share.Last month,d'Anconia announced that it will change its capital structure by issuing $300 million in debt.The $200 million raised by this issue,plus another $200 million in cash that d'Anconia already has,will be used to repurchase existing shares of stock.Assume that capital markets are perfect.
-At the conclusion of this transaction,the number of shares that d'Anconia Copper will repurchase is closest to:

• A)5 million.
• B)15 million.
• C)20 million.
• D)40 million.

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Definitions:

Code B97.0

A specific code in the International Classification of Diseases system, representing a particular medical condition or diagnosis.

Adenovirus

A type of virus that can cause a variety of illnesses, from mild respiratory infections to severe illnesses like pneumonia.

Echo Virus

A type of enterovirus that can cause a variety of diseases, ranging from mild febrile illness to severe conditions like meningitis.

Code L13.0

A specific code possibly used in a medical classification system to indicate a particular diagnosis or condition, but without context, the exact definition cannot be provided.