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yojoe102 yojoe102
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A year ago
Golden Inc. has just announced a share repurchase with its excess cash on hand of $1,000,000. The company’s capital structure is 100% equity, with 500,000 shares outstanding before the repurchase. The company’s current share price is $20. What is the market value of Golden’s equity after the repurchase, assuming that its share price remains unchanged?   


▸

$5,000,000



▸

$6,666,667



▸

$8,000,000



▸

$9,000,000

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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elixy19elixy19
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A year ago
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yojoe102 Author
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A year ago
Brilliant ツ
my life
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Yesterday
Thanks for your help!!
jakechambo3
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2 hours ago
Thanks
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