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A firm has a market value equal to its book value. Currently, the firm has excess cash of $550 and other assets of $8,800. Equity
A firm has a market value equal to its book value. Currently, the firm has excess cash of $550 and other assets of $8,800. Equity is worth $9,350. The firm has 850 shares of stock outstanding and net income of $1,300. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase
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Fundamentals Of Financial Management
Authors: James C Van Horne
3rd Edition
0133393410, 978-0133393415
