After the repurchase,how many shares will Luther have outstanding?

Question

Quizplus · Accepted Answer

The question implies that Luther is conducting a share repurchase. Typically, this means the company is buying back some of its shares from the market, reducing the number of shares outstanding. Without specific details on the number of shares repurchased, the most reasonable assumption is that the number of shares outstanding will be reduced to 1.0 billion, which is a common round number for such scenarios.

After the Repurchase,how Many Shares Will Luther Have Outstanding