A firm has a market value equal to its book value currently, Ask an Expert

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A firm has a market value equal to its book value. Currently the firm has excess cash of $300 and other assets of $6200.

Equity is worth $5000. The firm has 500 shares of stock outstanding and net income of $720.

what will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91903347

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