Question: * Question Completion Status: Moving to the next question prevents changes to this answer. Question 10 Question 10 of 60 2 points Saved A

* Question Completion Status: Moving to the next question prevents changes to

* Question Completion Status: Moving to the next question prevents changes to this answer. Question 10 Question 10 of 60 2 points Saved A firm has a market value equal to its book value. Currently, the firm has excess cash of R1 200 000 and other assets of R5 200 000. Equity is worth R6 000 000. The firm has 600 shares outstanding and net income of R700 000. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares will be outstanding after the share repurchase is completed? O 540 500 520 480 E A Moving to the next question prevents changes to this answer. a hp W Question 10 of ENG INTL

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