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LMN Co. has $5 billion in cash right now. LMN has decided to use this cash to repurchase shares from its investors and has already
LMN Co. has $5 billion in cash right now. LMN has decided to use this cash to repurchase shares from its investors and has already announced the stock repurchase plan. LMN is currently an
allequity
firm with 1.25 billion shares outstanding. Their shares currently trade at $20 per share. Assume perfect capital markets.
What is the market price per share of LMN's stock after the share repurchase?
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