The following data apply to Elizabeth's Electrical Equipment: $$\begin{array} { l r }
\text { Value of operations } & \$ 20,000 \
\text { Short-term investments } & \$ 1,000 \
\text { Debt } & \$ 6,000 \
\text { Number of shares } & 300
\end{array}$$ The company plans on distributing $50 million by repurchasing stock.What will the intrinsic per share stock price be immediately after the repurchase?
A)$47.50
B)$50.00
C)$52.50
D)$55.13
E)$57.88

Question

The following data apply to Elizabeth's Electrical Equipment: $$\begin{array} { l r } 
\text { Value of operations } & \$ 20,000 \
\text { Short-term investments } & \$ 1,000 \
\text { Debt } & \$ 6,000 \
\text { Number of shares } & 300
\end{array}$$  The company plans on distributing $50 million by repurchasing stock.What will the intrinsic per share stock price be immediately after the repurchase?
A)$47.50
B)$50.00
C)$52.50
D)$55.13
E)$57.88

Quizplus · Accepted Answer

The Answer of The following data apply to Elizabeth's Electrical Equipment: $$\begin{array} { l r } 
\text { Value of operations } & \$ 20,000 \
\text { Short-term investments } & \$ 1,000 \
\text { Debt } & \$ 6,000 \
\text { Number of shares } & 300
\end{array}$$  The company plans on distributing $50 million by repurchasing stock.What will the intrinsic per share stock price be immediately after the repurchase?
A)$47.50
B)$50.00
C)$52.50
D)$55.13
E)$57.88

The Following Data Apply to Elizabeth's Electrical Equipment The Company Plans on Distributing $50 Million by Repurchasing Stock