Hipswizzle Co. holds $4,600,500 in total equity with 850,630 shares outstanding. The company is considering...
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Hipswizzle Co. holds $4,600,500 in total equity with 850,630 shares outstanding. The company is considering a capital restructure that would convert some equity to $2 million in debt through stock repurchase. If the restructure happens, how many shares would be outstanding and what would the debt-to-equity ratio be?
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