Dye Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.5

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answerhappygod
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Dye Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.5

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Dye Trucking raised $280 million in new debt and used this tobuy back stock. After the recap, Dye's stock price is $8.5. If Dyehad 50 million shares of stock before the recap, how many sharesdoes it have after the recap? Enter your answers in millions. Forexample, an answer of $10,550,000 should be entered as 10.55. Donot round intermediate calculations. Round your answer to twodecimal places.
million shares
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