Gemma Jones Owns 2000 Shares of Haydn Inc

question 26

Multiple Choice

Gemma Jones owns 2000 shares of Haydn Inc.which is currently selling for $18 per share.If the company repurchases 10% of its outstanding shares at $18 per share and Gemma chooses to sell back 200 shares

• A)her investment in the company and her percentage of ownership will each decrease by 10%.
• B)her investment in the company and her percentage of ownership will stay the same.
• C)her investment in the company will decrease by $3600 and her percentage of ownership will stay the same.
• D)the value of her remaining shares will increase to $20 per share and her percentage of ownership will fall by 10%.

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