A Firm Has $400 Million of Assets That Includes $50

question 86

Multiple Choice

A firm has $400 million of assets that includes $50 million of cash and 10 million shares outstanding.If the firm uses $40 million of its cash to repurchase shares,what is the new price per share?

• A)$38
• B)$40
• C)$42
• D)$44

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Definitions:

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