One way to increase capacity is to reduce the time it takes for setups and processing

How does the bond rating affect an investor's required rate of return? What factors affect a bond's rating?

What will be an ideal response?

Cash-2-Day currently trades for $13. Analysts regard it as fairly valued at its current price. The company has announced that it intends to spend $180 million on an open market repurchase

Management claims that the company's shares are occasionally undervalued and that buying shares at undervalued prices represents a good investment. Assume that the company is able to repurchase shares at a price of $12. There are 275 million shares outstanding prior to the repurchase. What stock price prevails after the repurchase? A) $9.00 B) $10.77 C) $12.06 D) $13.06 E) $15.60