Mototive Inc.has 1 million shares outstanding.The current price per share is $20.If the company decides to use $2 million dollars to repurchase shares at the market price, the company will have [blank] shares outstanding worth approximately [blank].Assume that the price does not change during the repurchase period.
A) 900,000; $20 per share
B) 1,000,000; $20 per share
C) 900,000; $22.22 per share
D) 1,000,000; $18 per share
Correct Answer:
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