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A firm has a market value equal to its book value. Currently, the firm has excess cash of $60 other assets o 400 and equity
A firm has a market value equal to its book value. Currently, the firm has excess cash of $60 other assets o 400 and equity of $4 a The fir n hes 400 shares of stock outstanding and net ncome of 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 complcted? m 390 shares O 330 shares O 410 shares 350 shares 370 shares
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