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Corporate FInace Assignment/ Professional Essay Writers

A firm has a market value equal to its book value. Currently, the firm has excess cash of $3,400 and other assets of $6,100. Equity is worth $9,500. The firm has 950 shares of stock outstanding and net income of $1,700. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed?
Gibbs' reflective cycle in nursing
Multiple Choice:
a. 630 shares.
b. 620 shares.
c. 610 shares.
d. 960 shares.
e. 280 shares.  Get Finance Help Today

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