An analyst gathered the following information about a company:
|
Number of shares outstanding Don't use plagiarized sources. Get Your Custom Essay on
if the company repurchases 1 million shares at the prevailing market price the resul 602191
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|
10 million |
|
Earnings per share |
$2.00 |
|
P/E |
20 |
|
Book value per share |
$30 |
If the company repurchases 1 million shares at the prevailing market price, the resulting book value per share will be closest to:
A. $26.
B. $27.
C. $29.
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