Stock Repurchase A firm has 5 million shares outstanding with a market price of $30 per share. The firm has $35 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt.
What is the firm's value of operations after the repurchase? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ million
How many shares will remain after the repurchase? Round your answer to the nearest whole number. shares