Question
8. The total market value of assets of the XYZ company is $300. It includes cash of worth $40 million. The company has 10 million
8.
The total market value of assets of the XYZ company is $300. It includes cash of worth $40 million. The company has 10 million shares outstanding. What is the new share price of the XYZ company if it utilizes its cash of $30 million to repurchase the shares?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
