(3) Suppose instead that SSC has just made the $50 million distribution in the form of a...
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(3) Suppose instead that SSC has just made the $50 million distribution in the form of a stock repurchase. Now what is SSC’s intrinsic value of equity? How many shares did SSC repurchase? How many shares remained outstanding after the repurchase?
What is its intrinsic stock price per share after the repurchase?
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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