Which would be best, (1) ~7bn shares with a 'small' amount of debt, or, (2) find ways to stay around ~4bn shares (i.e. ways to buy bonds back) with 'large' amount of debt..?
If (1) then option is to later do rounds of buy backs, but with the great unknown of where the SP will be by then. No further increase in interest payments. If (2), obviously less shares, but more debt/interest to be paid..
Questions..., page-220
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