The company plans on distributing 50 million by, Ask an Expert

Accounting

The following data apply to Hill's Hiking Equipment:

Value of operations $20,000
Short-term investments $1,000
Debt $6,000
Number of shares 300

The company plans on distributing $50 million by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942728

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