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Mary has decided to retire and wants to sell hes shares in a closely held, all equity firm. The other shareholders have agreed to have
Mary has decided to retire and wants to sell hes shares in a closely held, all equity firm. The other shareholders have agreed to have the firm borrow $390,000 to purchase Mary's 13,000 shares of stock at the current market value. The total number of shares outstanding is 140,000. What will be the new price per share after the repurchase? $33.45 $40.20 $30.00 $27.13 $37.50
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