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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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
