Multiple Choice
A corporation has 2 million shares of stock outstanding. It decides to buy back 500,000 shares. The market price is $8. Assuming that the total market value of the company does not change, what is the new share price?
A) less than $6
B) $6 to $8
C) $8
D) more than $8
Correct Answer:
Verified
Correct Answer:
Verified
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