Kms corporation has assets with a market value of 500, Ask an Expert

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KMS Corporation has assets with a market value of $500 million, $32 million of which are cash.It has debt of $129 million, and 10 million shares outstanding. Assume perfect capital markets.

Suppose KMS distributes the $32 million of cash as a share repurchase, what will be the new share price? Round your answer to the nearest cent (e.g., $11.25)

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Financial Management, Finance

Category:- Financial Management
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