Suppose a corporation currently has 400 million of usds in, Financial Management

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Suppose a corporation currently has 400 million of usds in

Suppose a corporation currently has $400 Million of USDs in excess cash available to repurchase stock or pay dividends on its 9 million shares.

Suppose the corporation decides to use the $400 Million to repurchase shares on the open market.

If the current stock price is $16, what will be the price of the stock after the repurchase?

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Financial Management: Suppose a corporation currently has 400 million of usds in

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