Use the Information for the Question(s)below

question 43

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.
-The market value of Luther's non-cash assets is closest to:

• A)$20 billion.
• B)$19 billion.
• C)$25 billion.
• D)$24 billion.

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Pertaining to or affecting the human spirit or soul as opposed to material or physical things.

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A Native American people of the Southwestern United States, known for their rich culture, language, and history.

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Practices believed to harness supernatural powers for malicious purposes, often contrasted with benign or protective magic.

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