Question
A firm has 15 million shares outstanding with a market price of $15 per share. The firm has $40 million in extra cash (short-term investments)
A firm has 15 million shares outstanding with a market price of $15 per share. The firm has $40 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 operations after the repurchase? Enter your answer in millions. For example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. Round your answer to two decimal places.
$ _______ million
How many shares will remain after the repurchase? Round your answer to the nearest whole number.
__________ shares
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Fanatical Prospecting The Ultimate Guide To Opening Sales Conversations And Filling The Pipeline By Leveraging Social Selling Telephone Email Text And Cold Calling
Authors: Jeb Blount, Mike Weinberg
1st Edition
1119144752, 978-1119144755
