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Author Question: Cash-2-Day currently trades for $13. Analysts regard it as fairly valued at its current price. The ... (Read 21 times)

wenmo

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on: Apr 25, 2021
Cash-2-Day currently trades for $13. Analysts regard it as fairly valued at its current price. The company has announced that it intends to spend $180 million on an open market repurchase. Management claims that the company's shares are occasionally undervalued and that buying shares at undervalued prices represents a good investment. Assume that the company is able to repurchase shares at a price of $12. There are 275 million shares outstanding prior to the repurchase. What stock price prevails after the repurchase?
◦ $9.00
◦ $10.77
◦ $12.06
◦ $13.06
◦ $15.60
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by wenmo on Apr 25, 2021

emsimon14

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wenmo

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

ebonylittles

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Reply 3 on: Yesterday
Excellent

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