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A firm has current assets of $2.8 million, fixed assets of $5.2 million, and debt of $3.8 million. There are 282.000 shares of stock outstanding.
A firm has current assets of $2.8 million, fixed assets of $5.2 million, and debt of $3.8 million. There are 282.000 shares of stock outstanding. What will be the book value of equity if the firm repurchases 10% of its outstanding shares for $12.00 a share? Multiple Choice $4,115,200 $4,200,000 $3.861,600 $4,140,400
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