A stock is currently trading for $ 4 1 . The company has a price earnings multiple
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Question:
A stock is currently trading for $ The company has a priceearnings multiple of There are million shares outstanding. Your model indicates that the stock is actually worth $ The company announces that it will use $ million to repurchase shares. After the repurchase, what is the value of the stock, according to your model?
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$
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$
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