A firm currently has 80,000 shares outstanding worth $1.2 million in the aggregate. However, the managers are

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A firm currently has 80,000 shares outstanding worth $1.2 million in the aggregate.

However, the managers are thinking about spending $150,000 of excess cash to launch an open market repurchase program. Following the share repurchase, how many shares will be outstanding and how what will be the total market value of equity?

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Taxes And Business Strategy A Planning Approach

ISBN: 9780132752671

5th Edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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Posted Date: Mar 16, 2023 07:17 AM

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A firm currently has 80,000 shares outstanding worth $1.2 million in the aggregate. However, the managers are

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be outstanding and what will be the new aggregate value of the outstanding shares Assuming that ... View the full answer

Taxes And Business Strategy A Planning Approach

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