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Business, 30.03.2020 23:04 rlymyaa15

A firm has a market value equal to its book value. Currently, the firm has excess cash of $900 and other assets of $5,100. Equity is worth $6,000. The firm has 1,000 shares of stock outstanding and net income of $1,200. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $900 and o...
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