Boda Cycling Corp is an all-equity firm that has 425,000 shares of stock outstanding. The...
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Accounting
Boda Cycling Corp is an all-equity firm that has 425,000 shares of stock outstanding. The company is in the process of borrowing $3.2 million at 5.5 percent interest to repurchase 90,000 shares of the outstanding stock. What is the value of this firm if you ignore taxes?
$3,200,000
$677,647
$8,421,053
$15,111,111
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