Question 33 - Fin_q17-3 - 47798.1.0 Assume a Modigliani and Miller (MM) world with perfect capital markets. The Castle Construction Corporation (CCC) has assets with a market value of C200 million, 60 million of which are cash. CCC has debt of C80 million and 25 million shares outstanding, If CCC distributes half of the C60 million of cash as a share repurchase, then its stock price after the share repurchase will be closest to: C2.40 B 3.20 64.80 D 65.60