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A company has 1,000 shares outstanding with a market price of $23 per share. The company has $9,900 in extra cash (short-term investments) that it plans to use in a stock repurchase; the company has no other financial investments or any debt. What is the company's value of operations (I.e., value of operating assets), and how many shares will remain after the repurchase, assuming that fractional shares of stock cannot be purchased?

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Financial Management, Finance

Category:- Financial Management
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