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:

Respiratory Tree

Refers to the branching system of airways in the human body, including the trachea, bronchi, and bronchioles, through which air travels during respiration.

Bronchioles

The small airways in the lungs that lead from the bronchi to the alveoli, playing a crucial role in the process of gas exchange.

Alveoli

Tiny air sacs within the lungs where the exchange of oxygen and carbon dioxide takes place.

Capillaries

Tiny blood vessels that form a network to exchange oxygen, carbon dioxide, and other substances between blood and tissues.