What is AMCs share price prior to the share repurchase

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AMC Corporation currently has an enterprise value? (EV) of $380 million and $120 million in excess cash. The firm has 25 million shares outstanding and no debt. Suppose AMC uses its excess cash to repurchase shares. After the share? repurchase, news will come out that will change? AMC's enterprise value to either $580 million or $180 million. What is AMC's share price prior to the share repurchase?

AMC's share price prior to the share repurchase is $_____ (Round to the nearest cent.)

Reference no: EM132031864

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