Question
A firm has 35,000 shares of stock outstanding at a price per share of $26. The company has decided to repurchase $260,000 worth of shares.
A firm has 35,000 shares of stock outstanding at a price per share of $26. The company has decided to repurchase $260,000 worth of shares. After the repurchase, there will be _____ shares outstanding.
| 5,000 shares | ||
| 30,000 shares | ||
| 25,000 shares | ||
| 40,000 shares |
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
