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1. Repo Corp. has 1,000 shares outstanding at a market price of $20 per share. It decided to use $2,000 cash repurchase 10% of its

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1. Repo Corp. has 1,000 shares outstanding at a market price of $20 per share. It decided to use $2,000 cash repurchase 10% of its outstanding shares at the prevailing market price. Assume no tax and no market imperfection. What will be the number of shares and price per share after the repurchasing

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