Tucker's National Distributing Has a Current Market Value of Equity

question 29

Multiple Choice

Tucker's National Distributing has a current market value of equity of $32,400. Currently, the firm has excess cash of $2,100, total assets of $22,400, net income of $3,210, and 800 shares of stock outstanding. The company is going to use all of its excess cash to repurchase shares of stock. What will the stock price per share be after the stock repurchase is completed?

• A) $40.87
• B) $39.94
• C) $40.06
• D) $40.50
• E) $39.42

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Definitions:

Curses

Expressions or wishes that some form of adversity or misfortune will befall others.

Carbon Monoxide Intoxication

Poisoning caused by exposure to carbon monoxide gas, leading to potential harmful health effects.

Chemical Warfare

The use of chemical substances as weapons in military conflicts to harm, incapacitate, or kill enemy combatants or civilians.

Hysteria

An outdated term historically used to describe a wide range of psychological disorders characterized by exaggerated or uncontrollable emotion or excitement.