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The equity holdings of company ABC has a market value of 3 million. It currently has 300,000 shares outstanding, and a book value of equity 1,095,000. An unexpected cash windfall has prompted management to consider either a special dividend of $6.00 per share or a stock repurchase for cash. What is the total value of the unexpected cash windfall?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M980812

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