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Mathematics, 22.04.2021 14:00, iiamlui
FPT has excess cash of $2,187.5 and other assets of $35,500. Equity is worth $25,000. The firm has 2,000 shares of stock outstanding and net income of $3,750. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? Knowing that A firm has a market value equal to its book value.
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Answers: 2
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FPT has excess cash of $2,187.5 and other assets of $35,500. Equity is worth $25,000. The firm has 2...
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