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A firm has a market value equal to its book value. Currently, the firm has excess cash of $ 1 , 0 0 0 and
A firm has a market value equal to its book value. Currently, the firm has excess cash of $ and other assets of $ Equity is worth $ The firm has shares of stock outstanding and net income of $ 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 shares shares shares shares shares
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