Question
a firm has $400 million of assets that includes $40 million of cash and 12 million shares outstanding. If the firm uses $40 million of
a firm has $400 million of assets that includes $40 million of cash and 12 million shares outstanding. If the firm uses $40 million of its cash to repurchase shares, what is the new price per share?
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
