Stock repurchases and value dell inc easy during fiscal, Finance Basics

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Stock repurchases and value dell inc easy during fiscal

Question: Stock Repurchases and Value: Dell, Inc. (Easy) During fiscal year 2011, Dell repurchased 57 million shares on the market for $800 million. There were 1,957 million shares outstanding prior to the repurchase. What was the effect of the repurchases on the per-share price of Dell stock?

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