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:

Supportive Behaviors

Actions undertaken to provide assistance, encouragement, or comfort to others, especially in challenging times.

External Locus of Control

The belief that one's outcomes are determined by external forces or luck rather than one's own actions.

Leadership Effectiveness

The degree to which a leader successfully achieves desired outcomes through the direction, coordination, and motivation of individuals or teams.

Achievement Style

A behavioral approach focused on setting and attaining high standards and goals, often characterized by perseverance and a strong drive for success.