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Makeover Inc. believes that at its current stock price of $20.00 the firm is undervalued in the market. Makeover plans to repurchase 2 million of
Makeover Inc. believes that at its current stock price of $20.00 the firm is undervalued in the market. Makeover plans to repurchase 2 million of its 25 million shares outstanding. If management's assumption holds, what is the expected per-share market price after repurchase?
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