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A firm has $250 million of assets that includes $60 million of cash and 12 million shares outstanding. If the firm uses $25 million of

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A firm has $250 million of assets that includes $60 million of cash and 12 million shares outstanding. If the firm uses $25 million of its cash to repurchase shares, what is the new price per share? A. $25.00 O B. $16.67 O C. $29.17 O D. $20.83

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