Use the Information for the Question(s)below

question 58

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.
-After the repurchase how many shares will Luther have outstanding?

• A)0.75 billion
• B)1.0 billion
• C)1.1 billion
• D)1.2 billion

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Definitions:

Medical Judgments

Decisions or conclusions made by healthcare professionals based on medical evidence, patient information, and clinical experience.

Supporting Data

Information or evidence that backs up a claim, theory, or hypothesis.

Addiction Severity Index

A standardized instrument used to measure the severity of addiction in various domains such as medical, employment, drug/alcohol use, legal, family/social, and psychiatric.

Brief Drug Abuse

A short-term or less intense misuse of drugs, potentially leading to adverse health effects and necessitating intervention.