Use the Information for the Question(s)below

question 43

Multiple Choice

Use the information for the question(s) below.
Luther is a successful logistical services firm that currently has $5 billion in cash.Luther has decided to use this cash to repurchase shares from its investors,and has already announced the stock repurchase plan.Currently Luther is an all-equity firm with 1.25 billion shares outstanding.Luther's shares are currently trading at $20 per share.
-The market value of Luther's non-cash assets is closest to:

• A)$20 billion.
• B)$19 billion.
• C)$25 billion.
• D)$24 billion.

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Definitions:

Unilateral Tariff

Tariffs imposed by one country on the imports from all or specific nations, without reciprocal action.

Imported Goods

are items brought into a country from abroad for sale or use, typically involving a transaction between an importer and a foreign producer.

Chinese Yuan

The official currency of the People's Republic of China, used as a medium of exchange and a store of value.

Appreciated

Refers to an increase in value or price of an asset or currency over time.