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Category > Business & Finance Posted 17 Jun 2017 My Price 8.00

A firm has a market value

A firm has a market value equal to its book value. Currently the firm has excess cash of $300 and other assets of $6200. Equity is worth $5000. The firm has 500 shares of stock outstanding and net income of $720. what will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase

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Homework Helper
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Status NEW Posted 17 Jun 2017 01:06 PM My Price 8.00

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