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Corporation A currently has an enterprise value of $377,983,450 and $94,553,295 in excess cash. The firm has 11,142,955 shares outstanding and no debt. Suppose the
Corporation A currently has an enterprise value of $377,983,450 and $94,553,295 in excess cash. The firm has 11,142,955 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 $546,537,437 or $325,258,187 What would the firm's share price be after the repurchase if its enterprise value goes up?
NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign
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