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43 A firm has a market value equal to its book value. Currently, the firm has excess cash of $2,100 and other assets of $7,500.
43 A firm has a market value equal to its book value. Currently, the firm has excess cash of $2,100 and other assets of $7,500. Equity is worth $9,600. The firm has 800 shares of stock outstanding and net income of $900. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? Multiple Choice $3.59 $2.15 $3.36 O $1.44 O O $1.13
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