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The Greenbriar is an all-equity firm with a total market value of $542,000 and 21,400 shares...

The Greenbriar is an all-equity firm with a total market value of $542,000 and 21,400 shares of stock outstanding. Management is considering issuing $141,000 of debt at an interest rate of 6 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities?

Multiple Choice

334 shares

5,567 shares

6,186 shares

32,520 shares

6,748 shares

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