A firm has $200 million of assets that includes $50 million of cash and 8 million shares outstanding. If the firm uses $20 million of its cash to repurchase shares, what is the new price per share?
A) $30
B) $32
C) $25
D) $27
Correct Answer:
Verified
Q40: Future investment plans are important determinants of
Q41: Firms may retain large amounts of cash
Q42: A firm has assets of $250 million,
Q44: Prada has nine million shares outstanding, generates
Q46: The typical reason for a bonus issue
Q47: Share repurchases have a tax advantage over
Q48: A firm can repurchase shares through a(n)
Q49: The financial manager shoul?
A) try to maximise
Q50: Under a dividend reinvestment plan, each shareholder
Q83: Which of the following statements is FALSE
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents