Either enterprise has 14 million shares outstanding with a, Ask an Expert

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Either Enterprise has 14 million shares outstanding with a market price of 20 per share. The firm has $23 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. How many shares, in millions, will remain after the repurchase?

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Financial Management, Finance

Category:- Financial Management
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