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Corporation A currently has an enterprise value of $374,509,731 and $96,814,110 in excess cash. The firm has 10,586,479 shares outstanding and no debt. Suppose the
Corporation A currently has an enterprise value of $374,509,731 and $96,814,110 in excess cash. The firm has 10,586,479 shares outstanding and no debt. Suppose the firm uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMCs enterprise value to either $575,611,756 or $281,193,996 What would the firm's share price be after the repurchase if its enterprise value goes down?
NOTE: Submit your answers with 4 decimals after the dot
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