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

question 61

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
• E)$48

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Definitions:

Childhood Development

The physiological, psychological, and emotional changes that occur in humans between birth and the end of adolescence.

Reaction Speed

The time it takes for an individual to respond to a stimulus or external event.

Dependent Variable

The variable in an experimental setup that is expected to change in response to manipulations in the independent variable.

Pill Dosage

The prescribed amount of medication to be taken at one time or at specified intervals.