Multiple Choice
A firm has a total market value of assets of $300 million that includes $40 million of cash and 8 million shares outstanding. If the firm uses $30 million of its cash to repurchase shares, what is the new price per share?
A) $30.00
B) $37.50
C) $45.00
D) $52.50
Correct Answer:
Verified
Correct Answer:
Verified
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