Use the Information for the Question(s)below

question 58

Multiple Choice

Use the information for the question(s) below.
Luther is a successful logistical services firm that currently has $5 billion in cash.Luther has decided to use this cash to repurchase shares from its investors,and has already announced the stock repurchase plan.Currently Luther is an all-equity firm with 1.25 billion shares outstanding.Luther's shares are currently trading at $20 per share.
-After the repurchase how many shares will Luther have outstanding?

• A)0.75 billion
• B)1.0 billion
• C)1.1 billion
• D)1.2 billion

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Definitions:

Mindfulness

A practice of being fully present and engaged in the moment, aware of one's thoughts and feelings without judgment.

Material Self

An aspect of self-concept that includes the physical items and possessions which reflect one’s identity.

Tangible Things

Physical items or objects that can be seen, touched, and measured, unlike abstract concepts or ideas.

Social

Relating to society or its organization, often focusing on the interactions, structures, and dynamics within human communities.