A firm has $300 million of assets that includes $40 million of cash and 8 million shares outstanding. If the firm uses $30 million of its cash to repurchase shares, what is the new price per share?

A) $30.00
B) $37.50
C) $45.00
D) $52.50

Answer: B

Business

You might also like to view...

A major advantage to placing a large order is the savings on overall insurance costs

Indicate whether the statement is true or false

Business

The right of individuals to be secure in their homes is protected by the ________ Amendment to the U.S. Constitution

A) Sixth B) Fifth C) Fourth D) First

Business