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The current share price of a company is $25. The company has 1M shares outstanding. The total value of debt is $10M. The company announced

The current share price of a company is $25. The company has 1M shares  outstanding. The total value of debt is $10M. The company announced that it is going to repurchase $100,000 worth of stock. What will the price of the stock be after the repurchase? Assume M&M assumptions hold.

a.$30

b.$22.5

c.$25

d.$27.5

e.$20


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