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A firm has a market value equal to its book value. Currently, the firm has excess cash of $600 and other assets of $5.800. Equity

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $600 and other assets of $5.800. Equity is worth $6,400. The firm has 800 shares of stock outstanding and net income of $1,550. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? Multiple Choice 741 shares 808 shares

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