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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.
-Assume that in addition to 1.25 billion common shares outstanding,Luther has stock options given to employees valued at $2 billion.After the repurchase how many shares will Luther have outstanding?
Open Sentences
Mathematical or logical sentences containing one or more variables that can be made true or false depending on the values of those variables.
Scope
The extent or range of view, understanding, or application of a subject or concept.
Truth-Functional Compound
A logical compound statement whose truth value is determined solely by the truth values of its components.
Quantifier
A logical term used to specify the quantity of specimens in the domain of discourse that satisfy an open sentence.
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