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2) Suppose that bobcat, INC currently has $5M in excess cash available to repurchase stock or pay dividends on its 1M shares. Suppose Bobcat decides

2) Suppose that bobcat, INC currently has $5M in excess cash available to repurchase stock or pay dividends on its 1M shares. Suppose Bobcat decides to use the $5M to repurchase shares on the open market. How will the purchase affect the share price if the current stock price is $25?, represent this in a balance sheet format.

Please show process preferably through Excel

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