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REX company gas a market capitalization of $10 billion and 200 million shares outstanding. It plans to distribute $50 million through an open market repurchase

REX company gas a market capitalization of $10 billion and 200 million shares outstanding. It plans to distribute $50 million through an open market repurchase of shares. What will be the price per share of REX right before the repurchase? And how many shares will REX repurchase?

a.

$5 and 10 million shares

b.

$100 and 500,000 shares

c.

$50 and 1 million shares
d.

$500 and $100,000 shares

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