Question
A firm has 10 million shares outstanding with a market price of $20 per share. The firms has $25 million in extra cash(short-term investments) that
A firm has 10 million shares outstanding with a market price of $20 per share. The firms has $25 million in extra cash(short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. What is the firm's value of operation, and how many shares will remain after the repurchase?
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Finance Your Business Secure Funding To Start Run And Grow Your Business
Authors: The Staff Of Entrepreneur Media
1st Edition
1599185970, 978-1599185972
