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Question 1 (2 points) A firm's next period market value of equity is $4 million and there are 100,000 shares outstanding, with a required rate

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Question 1 (2 points) A firm's next period market value of equity is $4 million and there are 100,000 shares outstanding, with a required rate of 20%. What is thecurrent stock price if a firm spends its extra $700000 to buy back its shares at $20 per share? $81.28$71.54$51.28$41.54$61.54

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