Question
A stock is currently trading for $32. The company has a priceearnings multiple of 10. There are 100 million shares outstanding. Your model indicates that
A stock is currently trading for $32. The company has a priceearnings multiple of 10. There are 100 million shares outstanding. Your model indicates that the stock is actually worth $37. The company announces that it will use $350 million to repurchase shares.
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