A Firm Has $300 Million of Assets That Includes $50

question 56

Multiple Choice

A firm has $300 million of assets that includes $50 million of cash and 10 million shares outstanding.If the firm uses $30 million of its cash to repurchase shares,what is the new price per share?

• A)$25
• B)$27
• C)$30
• D)$32
• E)$35

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Definitions:

Retrieval

Getting information that is in storage into a form that can be used.

Biology Concepts

Fundamental principles and ideas in the study of living organisms, including cell structure, genetics, evolution, and ecology.

Long-Term Memory

A type of memory capable of storing information for an extended period, potentially for a lifetime, encompassing facts, experiences, and skills.

Organization

An arranged group or structure of people working towards a common goal, often formalized with specific roles and responsibilities.