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:

Value Judgments

Assessments or opinions formed about the worth, beauty, or morality of something, often based on personal beliefs.

Personal Space

The physical space immediately surrounding someone, into which encroachment can feel uncomfortable or threatening.

Personal Conversation

A private discussion between individuals about topics of personal interest or concern, often involving sharing of confidential information.

Positive Communication

Communication that is constructive, encouraging, and aimed at building understanding and trust, while minimizing conflict.