Business, 02.07.2020 22:01, asseatingbandit

Problem 14-04 Stock Repurchase A firm has 5 million shares outstanding with a market price of $15 per share. The firm has $15 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. What is the firm's value of operations after the repurchase

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Problem 14-04 Stock Repurchase A firm has 5 million shares outstanding with a market price of $15 pe...