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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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