Question: Suppose instead that SSC has just made the $50 million distribution in the form of a stock repurchase. Now what is SSCs intrinsic value of

Suppose instead that SSC has just made the $50 million in the form of a stock repurchase. Now what is SSC’s intrinsic value of equity? How many shares did SSC repurchase? How many shares remained outstanding after the repurchase? What is its intrinsic per share stock price after the repurchase?

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