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A firm has a market value equal to its book value. Currently, the firm has excess cash of $1100, other assets of $7.900, and equity

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $1100, other assets of $7.900, and equity of $9.000. The firm has 900 shares of stock outstanding and net income of $900. The firm has decided to spend half of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? 825 shares O 885 shares O 845 shares O 805 shares O 865 shares

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