What will be the price of the stock after repurchase

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Reference no: EM131511155

Suppose a corporation currently has $400 Million of USDs in excess cash available to repurchase stock or pay dividends on its 9 million shares. Suppose the corporation decides to use the $400 Million to repurchase shares on the open market. If the current stock price is $16, what will be the price of the stock after the repurchase? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

Reference no: EM131511155

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