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PILI. Answer ALL of the following 01. The current market value of equity of $90,000. Currently, the firm has excess cash of $15000, 5000 shares

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PILI. Answer ALL of the following 01. The current market value of equity of $90,000. Currently, the firm has excess cash of $15000, 5000 shares of stock outstanding at a current market price per share $18. The company has decided to use one third of its excess cash to repurchase shares of stock. a. How many shares will be repurchased? (2 marks) b. What will the new stock price per share be after the stock repurchase is completed? (2 marks) Focus

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