medium · Investment Banking

Which of the following would cause a company's Enterprise Value to remain unchanged while its Equity Value decreases?

  1. Issuing $500 million in new debt to pay a special dividend
  2. Repurchasing shares using the firm's excess cash
  3. Issuing new shares in a stock deal to acquire a rival
  4. A $1.00 increase in the company's publicly traded share price

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