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In the above example, suppose the firm had paid $80 per share when buying back shares with its $100 in cash. (Assume that the firm
In the above example, suppose the firm had paid $80 per share when buying back shares with its $100 in cash. (Assume that the firm can buy back fractional shares.) In this and the following two questions, fill in the blanks in the table below. Before buyback After buyback Cash $100 0 Other assets $400 $400 Total market value of $500 a stock Shares Share price 10 b $50 C Do not use $ sign. Answer to nearest whole number. The missing value for a is
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