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The Following Data Apply to Elizabeth's Electrical Equipment The Company Plans on Distributing $1,000 by Repurchasing Stock

Question 34

Multiple Choice

The following data apply to Elizabeth's Electrical Equipment:  Value of operations $20,000 Short-term investments $1,000 Debt $6,000 Number of shares 300\begin{array}{lr}\text { Value of operations } & \$ 20,000 \\\text { Short-term investments } & \$ 1,000 \\\text { Debt } & \$ 6,000 \\\text { Number of shares } & 300\end{array} The company plans on distributing $1,000 by repurchasing stock.What will the intrinsic per share stock price be immediately after the repurchase?


A) $47.50
B) $50.00
C) $52.50
D) $55.13
E) $57.88

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