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Business, 25.03.2021 19:30 alina1120

Assume a firm has a market value equal to its book value, excess cash of $900, other assets of $16,500, and equity valued at $17,400. The firm has 1,200 shares of stock outstanding and net income of $15,400. If the firm spends all of its excess cash on share repurchases, how many shares will be outstanding after the repurchases are completed

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Assume a firm has a market value equal to its book value, excess cash of $900, other assets of $16,5...
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