What will be the price of the stock after the repurchase

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Suppose a corporation currently has $300 Million of USDs in excess cash available to repurchase stock or pay dividends on its 8 million shares. Suppose the corporation decides to use the $300 Million to repurchase shares on the open market.

If the current stock price is $13, what will be the price of the stock after the repurchase?

Reference no: EM132004559

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