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Suppose a corporation currently has $1,000,000 USDs in excess cash available to repurchase stock or pay dividends on its 400,000 shares. Suppose the corporation decides
Suppose a corporation currently has $1,000,000 USDs in excess cash available to repurchase stock or pay dividends on its 400,000 shares. Suppose the corporation decides to use the $1,000,000 USDs to repurchase shares on the open market. If the current stock price is $100, what will be the price of the stock after the repurchase? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer.
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