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Question
The following data apply to Elizabeth's Electrical Equipment:Value of operations $20,000
Short-term investments $1,000
Debt $6,000
Number of shares 300
The company plans on distributing $50 million by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase?
a. $47.50
b. $50.00
c. $52.50
d. $55.13
e. $57.88
Answer
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