Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to repurchase shares from its investors and has already announced the stock repurchase plan. Currently Luther is an all-equity firm with 1.25 billion shares outstanding. Luther's shares are currently trading at $20 per share.

With perfect capital markets, what is the market price per share of Luther's stock after the share repurchase?

- 20

- 18

- 25

- 24

- 15