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Luther is a successful logistical firm that currently has $5 billion in cash. Luther decided to use this cash to repurchase shares from its inverstors
Luther is a successful logistical firm that currently has $5 billion in cash. Luther decided to use this cash to repurchase shares from its inverstors and has already announced the stock repurchase plan. Currently Luther is an all equity firm with 1.25 billion shares outstanding. Luthers shares are currently trading at $20 per share. With perfect capital markets what is the market price per share of Luthers stock after share repurchase
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