Question: show work Cisoft is a highly profitable technology firm that currently has $8 billion in cash. The firm has decided to use this cash to

show work Cisoft is a highly profitable technology firm that currently has show work

Cisoft is a highly profitable technology firm that currently has $8 billion in cash. The firm has decided to use this cash to repurchase shares from investors, and it has already announced these plans to investors. Currently, Cisoft is an all-equity firm with 6 billion shares outstanding. These shares currently trade for $13 per share. Cisoft has issued no other securities except for stock options given to its employees. The current market value of these options is $11 billion. a. What is the market value of Cisoft's non-cash assets? b. With perfect capital markets, what is the market value of Cisoft's equity after the share repurchase? What is the value per share

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