New debt and used this to buy back stock-after the recap

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Reference no: EM13911555

ABC Printing Inc. raised $140 million in new debt and used this to buy back stock. After the recap, ABC's stock price is $7.6. If ABC had 70 million shares of stock before the recap, how many shares, in millions, does it have after the recap? (Enter the number of shares in millions, i.e., enter 5,500,000 as 5.5)

Reference no: EM13911555

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