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ABC company has an asset market value of $300. The company has outstanding shares of 10 million and cash worth $40 million. What is the

ABC company has an asset market value of $300. The company has outstanding shares of 10 million and cash worth $40 million. What is the new share price of the company using its cash of $30 million to repurchase shares?

Select one:

$30.00

$24.00

$36.00

$42.00

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