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Memphic Memphic
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6 years ago
After the repurchase how many shares will Luther have outstanding?
A) 0.75 billion
B) 1.0 billion
C) 1.1 billion
D) 1.2 billion
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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wrote...
#1
6 years ago
B
Explanation:  B) $5 billion/$20 Share = .250 billion shares repurchased.

Shares outstanding = 1.25 - .25 = 1.0 billion
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