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A company with 20 million shares outstanding decides to buy back 2 million buy back 2 million shares at a market price of $30 per

A company with 20 million shares outstanding decides to buy back 2 million buy back 2 million shares at a market price of $30 per share. At the time of the repurchase, the company reports total assets of $850 million and total liabilities of $250 million. and total liabilities of $250 million. As a result of the repurchase, the book value per share of this company will most likely:

Question options :

A. increase.

B. decrease.

C. remain the same.

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