Use the Information for the Question(s)below

question 104

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 share 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 ordinary shares outstanding, Luther has share options given to employees valued at $2 billion. The market value of Luther's non-cash assets is closest to:

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

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Definitions:

Breast-Feeding

A natural process of feeding an infant with milk directly from the mother's breast.

Suppresses

To forcibly put an end to something, such as opposition, a rebellion, or the manifestation of a feeling or condition.

Rank

A position in a hierarchy that often denotes levels of authority or status within organizations, societies, or military.

Basic Resources

Fundamental elements or inputs needed for the functioning of an economy or ecological system, such as water, minerals, energy, and arable land.