Solved: Determine stock price before and after the repurchase, Accounting Basics

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Determine stock price before and after the repurchase

Response to the following problem:

Good Values, Inc., is all-equity-financed. The total market value of the firm currently is $100,000, and there are 2,000 shares outstanding. Good Values plans to repurchase $20,000 worth of stock. Ignore taxes.

a. What will be the stock price before and after the repurchase?

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Accounting Basics: Determine stock price before and after the repurchase

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Accounting Basics: Determine stock price before and after the repurchase

Reference No:- TGS02090548

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