Blasco's Has a Market Value Equal to Its Book Value

question 81

Multiple Choice

Blasco's has a market value equal to its book value.Currently,the firm has excess cash of $1,332,other assets of $11,674,and equity of $7,200.The firm has 1,200 shares of stock outstanding and net income of $838.Blasco's has decided to spend one-third of its excess cash on a share repurchase program.How many shares of stock will be outstanding after the stock repurchase is completed?

• A)937 shares
• B)1,050 shares
• C)1,126 shares
• D)1,578 shares
• E)1,584 shares

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Understand the challenges in diagnosing substance abuse and addiction in persons with disabilities.

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Definitions:

Interest Rates

The cost of borrowing money or the payment received for deposit funds, typically expressed as a percentage rate over the period of one year.

Bond's Price

The price of a bond is the present value of its expected future cash flows, such as interest payments and the return of principal at maturity.

Interest Rate Price Risk

The risk that the value of an investment will decrease due to a change in interest rates.

Zero Coupon Bond

A type of bond that does not pay interest during its life but is sold at a deep discount from its face value.