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Business, 18.07.2020 23:01 mateotrevino1

A firm has $300 million of assets that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 million of its cash to repurchase shares, what is the new price per share? A) $24.00

B) $42.00

C) $30.00

D) $36.00

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