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:

Young Female

A girl or young woman in her late childhood to teenage years, experiencing significant developmental, emotional, and physical changes.

Straight

Often used to describe heterosexual individuals, but can also refer to clarity or directness in context.

Sexually Attracted

A state where an individual feels romantic or physical desire towards another person.

Young Women

Typically refers to females in their late teens to late 20s, a period often associated with significant personal and professional growth.