Use the Following Information to Answer the Question(s)below

question 93

Multiple Choice

Use the following information to answer the question(s) below.
Wyatt Oil has assets with a market value of $600 million,$70 million of which are cash.It has debt of $250 million,and 20 million shares outstanding.Assume perfect capital markets.
-If Wyatt Oil distributes the $70 million as a share repurchase,then the number of shares outstanding after the repurchase will be closest to:

• A)16.0 million.
• B)16.5 million.
• C)17.5 million.
• D)18.0 million.

Understand the impact of socialization on identity formation and roles within society.

Identify the role of various theories (such as psychoanalytic, conflict, functionalism, and symbolic interactionism) in explaining social behavior and identity formation.

Recognize the significance of agents of socialization, including family, schools, and sports, in shaping individual identities and societal expectations.

Grasp the concept of the self as a socially constructed entity, influenced by interactions and perceptions within society.

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Definitions:

Put Contracts

Financial derivatives that give the holder the right, but not the obligation, to sell a specific amount of a security at a specified price within a specified time period.

Underlying Stock

The stock that is the basis for a particular derivative instrument, such as an option.

Market Value

The current quoted price at which an asset or company can be bought or sold on the open market.

November 47.50 Call

A call option contract for the right to buy a specific financial instrument at a price of 47.50, expiring in November.