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What is the market price per share of luther stock

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Reference no: EM132908118

Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to re purchase shares from its investors, and has already announced the stock repurchase plan. Currently Luther is an all equity firm with 1.25 billion shares outstanding. Luther's shares are currently trading at $20 per share.

With perfect capital markets, what is the market price per share of Luther's stock after the share repurchase?

Reference no: EM132908118

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