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haleyc112

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A firm has $300 million of assets that includes $50 million of cash and 10 million shares outstanding.  If the firm uses $30 million of its cash to repurchase shares, what is the new price per share?
$25

◦ $32
◦ $30
◦ $27


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Marked as best answer by haleyc112 on Jul 9, 2019

Li Jun

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