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A company has an enterprise value of $ 5 0 0 million and $ 5 0 million in cash with 5 million shares outstanding and
A company has an enterprise value of $ million and $ million in cash with million shares outstanding and no debt. If the company uses all its cash to repurchase shares.
If the enterprise value of the company rises to $ million after repurchase
What is the new share price?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
