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A firm has $75 million of assets that includes $12 million of cash and 25 million shares outstanding. If the firm uses $12 million of
A firm has $75 million of assets that includes $12 million of cash and 25 million shares outstanding. If the firm uses $12 million of cash to repurchase shares, what is the new price per share?
A.$1.50
B.$3
C.$2.40
D.$6
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A Financial Crisis Manual Reflections And The Road Ahead
Authors: Dimitrios D. Thomakos , Platon Monokroussos, Konstantinos I. Nikolopoulos
1st Edition
