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Question 10 O out of 1 points Company 696 is currently an all equity financed...

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Question 10 O out of 1 points Company 696 is currently an all equity financed firm with a market capitalization of 461 million EUR and 4.8 million shares outstanding. Company 696 wants to optimize its capital structure with a dividend recap" (i.e., issue debt to buy back own shares). The company wants to issue 159 million EUR in debt at a 3% interest rate and use this money to repurchase and cancel its own shares. Assuming perfect capital markets, what is the value of a share after this recapitalization? (Rounded to two decimals) Selected Answer: 96.18 Correct Answer: 96.04 + 0.05

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