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Soros Corporation plans to repurchase 1 million shares at the prevailing market price. An analyst gathered the following information about a company: Number of shares

Soros Corporation plans to repurchase 1 million shares at the prevailing market price. An analyst gathered the following information about a company: Number of shares outstanding 10 million Earnings per share US$2.00 P/E 20 Book value per share US$30 After the repurchase, the book value per share of Soros Corporation will be closest to: a. US$27

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