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A Firm Has a Total Market Value of Assets of $300

Question 62

Multiple Choice

A firm has a total market value of assets of $300 that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 million of its cash to repurchase shares, what is the new price per share?


A) $24.00
B) $36.00
C) $30.00
D) $42.00

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