A firm has 5 million shares outstanding with a market price of $15 per share. The firm

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A firm has 5 million shares outstanding with a market price of $15 per share. The firm has $30 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. What is the firm's value of operations after the repurchase? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.

$___________ Million

How many shares will remain after the repurchase? Round your answer to the nearest whole number.

_____________ Shares

Posted Date: May 19, 2024 07:09 AM

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A firm has 5 million shares outstanding with a market price of $15 per share. The firm

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