Multiple Choice
A firm has $75 million of assets that includes $12 million of cash and 25 million shares outstanding.If the firm uses $12 million of cash to repurchase shares,what is the new price per share?
A) $1
B) $2
C) $3
D) $4
E) $5
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: What are the different ways a firm
Q43: Different investor groups have differing dividend policy
Q44: A firm has $400 million of assets
Q45: Why do firms issue stock dividends or
Q46: A firm has $200 million of assets
Q47: Omicron's enterprise value is closest to:<br>A)$500 million<br>B)$900
Q50: What is the difference between an open
Q52: When a firm repurchases shares,the supply of
Q53: Corporations enjoy a tax advantage associated with
Q89: In perfect capital markets, buying and selling