Use the Information for the Question(s)below

question 69

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.
-Assume that in addition to 1.25 billion common shares outstanding,Luther has stock options given to employees valued at $2 billion.The market value of Luther's non-cash assets is closest to:

• A)$22 billion.
• B)$20 billion.
• C)$25 billion.
• D)$18 billion.

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Definitions:

Cardiovascular Diseases

A group of disorders related to the heart and blood vessels, such as coronary artery disease, hypertension, and stroke.

Pulmonary Diseases

A general term for diseases affecting the lungs and respiratory system, such as asthma, chronic obstructive pulmonary disease (COPD), and pulmonary fibrosis.

Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug.

Calories

Units of energy that measure the amount of energy food provides to the body.