Multiple Choice
Assume that management makes a surprise announcement that JRN will no longer pay dividends but will use the cash to repurchase stock instead.The price of a share of JRN's stock is now closest to:
A) $20.00
B) $25.00
C) $18.00
D) $24.00
E) $16.00
Correct Answer:
Verified
Correct Answer:
Verified
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