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You are reading a Wall Street Journal article about a company's recent decision to repurchase a significant portion of their outstanding shares of common stock.
You are reading a Wall Street Journal article about a company's recent decision to repurchase a significant portion of their outstanding shares of common stock. The stock's current market price is $20 per share. In the article the CFO says that he believes the true value of the stock is _Unfortunately, you spilt your coffee on the paper and can't read the end of what he had to say. Which is the most likely end his sentence? Some $ amount below $20. Some $ amount above $20. O A complete mystery to the CFO, O Exactly equal to $20, O Totally irrelevant. The company didn't care about stock value when they made their decision to repurchase
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