Use the Information for the Question(s)below

question 69

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.
-Assume that in addition to 1.25 billion common shares outstanding,Luther has stock options given to employees valued at $2 billion.The market value of Luther's non-cash assets is closest to:

• A)$22 billion.
• B)$20 billion.
• C)$25 billion.
• D)$18 billion.

---

Definitions:

Breakthrough Bleeding

Unexpected bleeding that occurs outside of the normal menstrual cycle, often while using hormonal contraception.

Nausea

An unpleasant sensation in the stomach associated with the urge to vomit, often a symptom of various conditions.

Sexually Transmitted Infection

An infection transmitted through sexual contact, caused by bacteria, viruses, or parasites.

Male Condom

A barrier form of contraception worn on the penis during sexual intercourse to prevent semen from entering the partner's body.