Author Question: The Cash Store Co. just repurchased 11.875 million shares at a price of $14. The stock was trading ... (Read 28 times)

justinmsk · **on:** Apr 25, 2021

The Cash Store Co. just repurchased 11.875 million shares at a price of $14. The stock was trading at a price of $16 prior to the repurchase, but a market correction gave the company an opportunity to repurchase at a lower price. There were 100 million shares outstanding prior to the repurchase. The stock is now trading for $16.27. What is the aggregate gain in value to all the shares that remain outstanding as a result of the repurchase? (Compare their value before the repurchase to their value after.)
◦ $18.125M
◦ $20.125M
◦ $21.122M
◦ $23.794M
◦ $27.000M

mceravolo · **Reply #1 on:** Apr 25, 2021

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