A Firm Has a Market Value Equal to Its Book

question 36

Multiple Choice

A firm has a market value equal to its book value.Currently,the firm has excess cash of $525 and other assets of $9,200.Equity is worth $7,000.The firm has 1,000 shares of stock outstanding and net income of $420.The firm has decided to spend all of its excess cash on a share repurchase program.How many shares of stock will be outstanding after the stock repurchase is completed?

• A)940 shares
• B)945 shares
• C)925 shares
• D)930 shares
• E)935 shares

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Language Delay

A condition where a child's language development is noticeably slower than that of their peers.

Tall And Short

Descriptors relating to the height of individuals or objects, often used in comparative contexts.

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A And The

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