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PEMIK Corporation has 30 million shares outstanding and has decided to repurchase 3 million shares at the prevailing market price of $25 per share. At

PEMIK Corporation has 30 million shares outstanding and has decided to repurchase 3 million shares at the prevailing market price of $25 per share. At the buyback time, the company reports total assets of $950 million and total liabilities of $350 million. As a result of the buyback, what would be the company's book value per share?

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