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Suppose a corporation currently has $400 Million of USDs in excess cash available to repurchase stock or pay dividends on its 9 million shares.

Suppose the corporation decides to use the $400 Million to repurchase shares on the open market.

If the current stock price is $16, what will be the price of the stock after the repurchase?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92842262

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