A Corporation Has 2 Million Shares of Stock Outstanding

question 63

Multiple Choice

A corporation has 2 million shares of stock outstanding. It decides to buy back 500,000 shares. The market price is $8. What is the market dollar value of the stock buyback?

• A) $500,000
• B) $4 million
• C) $8 million
• D) $16 million

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Definitions:

Social Security

A government program designed to provide financial support to individuals during retirement, disability, or hardship.

Policy Formulation

The process of developing strategies and proposals to address specific issues, typically involving research, analysis, and the consideration of various policy options.

Policymaking Process

The sequence of actions and decisions involved in creating and implementing public policies, which include identifying issues, setting agendas, forming and implementing policies.

Domestic Policy

Public policy decisions, actions, and programs that are undertaken within a nation's borders, focusing on issues such as health care, education, and infrastructure.