Beets Inc had 10m shares outstanding that were trading at $5. In 2020 it received a profit

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Beets Inc had 10m shares outstanding that were trading at $5. In 2020 it received a profit that was $4m higher than expected. It announced that it will use $1.62m to buy back shares.

How many shares would be left in circulation after the repurchase program is complete? [

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Jul 04, 2023 08:50 AM

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Beets Inc had 10m shares outstanding that were trading at $5. In 2020 it received a profit

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To determine the number of shares left in circulation after the rep... View the full answer

Foundations of Financial Management

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