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johnpaech johnpaech
wrote...
Posts: 1098
Rep: 7 0
6 years ago
If Wyatt Oil distributes the $70 million as a share repurchase, then the number of shares outstanding after the repurchase will be closest to:
A) 16.0 million
B) 16.5 million
C) 17.5 million
D) 18.0 million
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 192 times
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Replies
wrote...
6 years ago
A
Explanation:  A) current price =   =   = $17.50
Therefore Wyatt Oil will repurchase $70 million/$17.50 = 4 million shares, leaving 20 - 4 = 16 million shares outstanding
johnpaech Author
wrote...
5 years ago
Really appreciate the help
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