Use the Information for the Question(s)below

question 43

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.
-The market value of Luther's non-cash assets is closest to:

• A)$20 billion.
• B)$19 billion.
• C)$25 billion.
• D)$24 billion.

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Definitions:

Genome

The complete set of genes or genetic material present in a cell or organism.

Chromosome Set

A complete set of chromosomes from a cell that contains all genetic information necessary for an organism of a certain species.

C. Elegans

A species of nematode worm, Caenorhabditis elegans, widely used as a model organism in genetics and developmental biology.

DNA Subunits

The basic building blocks of DNA, consisting of a phosphate group, a sugar molecule (deoxyribose), and one of four nitrogenous bases: adenine, thymine, cytosine, or guanine.