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Question 43

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Use the information for the question(s) below.
Luther is a successful logistical services firm that currently has $5 billion in cash.Luther has decided to use this cash to repurchase shares from its investors,and has already announced the stock repurchase plan.Currently Luther is an all-equity firm with 1.25 billion shares outstanding.Luther's shares are currently trading at $20 per share.
-The market value of Luther's non-cash assets is closest to:


A) $20 billion.
B) $19 billion.
C) $25 billion.
D) $24 billion.

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