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A firm has 100 million shares outstanding at a price if $50 per share. The firm made a tender-offer to repurchase 10 million shares for
A firm has 100 million shares outstanding at a price if $50 per share. The firm made a tender-offer to repurchase 10 million shares for $55 per share. the tender -offer will expire in few minutes. What will be the stock price What will be the stock price immediately after the expiration?
Multiple Choice:
1) $49.44
2) $49.25
3) $48.75
4) $49.50
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