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

question 83

Multiple Choice

Tucker's National Distributing has a current market value of equity of $10,665.Currently,the firm has excess cash of $640,total assets of $22,400,net income of $3,210,and 500 shares of stock outstanding.Tucker's 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)$20.87
• B)$20.94
• C)$21.06
• D)$21.33
• E)$21.42

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Definitions:

Cranial Bones

The bones that form the skull, protecting the brain and supporting the structures of the face.

Osteoblasts

Osteoblasts are cells with a key role in bone formation, responsible for synthesizing and mineralizing bone tissue.

Palmar Bones

The set of bones forming the framework of the palm of the hand, also known as the carpal bones.

Bone Growth

The process of increasing bone mass and structure through the activity of osteoblasts and osteoclasts, essential for skeletal development and healing.