Question
Shares in Growth Corporation are selling for $30 per share. There are 1 million shares outstanding. The company repurchases 500,000 shares. After the repurchase: How
Shares in Growth Corporation are selling for $30 per share. There are 1 million shares outstanding. The company repurchases 500,000 shares. After the repurchase: How many shares will be outstanding? What will be the price per share?
Outstanding shares =
Price per share =
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
