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Author Question: A firm has $200 million of assets that includes $50 million of cash and 8 million shares ... (Read 114 times)

tfester

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A firm has $200 million of assets that includes $50 million of cash and 8 million shares outstanding.  If the firm uses $20 million of its cash to repurchase shares, what is the new price per share?
◦ $30
$25

◦ $32
◦ $27


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Marked as best answer by tfester on Jul 9, 2019

wfdfwc23

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