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:

Prank

A mischievous act intended for amusement, often at the expense of others.

Sue

To initiate legal proceedings against an individual or entity, typically to seek remediation for a grievance or injury.

Cyberdefamation

The act of damaging someone's reputation by making false statements about them on the internet.

Electronic Devices

Gadgets powered by electricity, including computers, smartphones, and tablets, used for a variety of tasks.