hard · Investment Banking

What happens to Equity : Value and Enterprise : Value if a company issues $200 million in new debt to repurchase $200 million of its own stock?

  1. Equity Value decreases by $200 million; Enterprise Value decreases by $200 million
  2. Equity Value stays the same; Enterprise Value increases by $200 million
  3. Equity Value decreases by $200 million; Enterprise Value stays the same
  4. Both decrease by $200 million

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