A firm has $250 million of assets that includes $60 million of cash and 12 million shares outstanding. If the firm uses
Posted: Sun Jul 03, 2022 6:43 am
A firm has $250 million of assets that includes $60 million of cash and 12 million shares outstanding. If the firm uses $25 million of its cash to repurchase shares, what is the new price per share? A. $25.00 O B. $16.67 O C. $29.17 O D. $20.83