A rm has a market value equal to its book value. Currently. the rm has excess cash of $1,000 and other assets of $3,000' Equity

A firm has a market value equal to its book value. Currently. the firm has excess cash of $1,000 and other assets of $3,000' Equity is worth $4,000' The firmhas 500 shares of stock outstanding and net income of $1,250, The firm has decided to spend all of its excess cash on a share repurchase program, Howmany shares ofstock will be outstanding afier the stock repurchase is completed?