Suppose instead that SSC has just made the $50 million distribution in the form of a stock

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Suppose instead that SSC has just made the $50 million distribution in the form of a stock repurchase. Now what is SSC’s intrinsic value of equity? How many shares did SSC repurchase? How many shares remained outstanding after the repurchase? What is its intrinsic per share stock price after the repurchase?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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