Question
Blossom Company currently has 30,000 shares outstanding. Each share has a market value of $15. If the firm repurchases $150,000 worth of shares, then what
Blossom Company currently has 30,000 shares outstanding. Each share has a market value of $15. If the firm repurchases $150,000 worth of shares, then what will be the value of each share outstanding after the repurchase? Ignore taxes. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values youve been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Value of each share after repurchase $
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