What will be the price of the stock after the repurchase

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Question: Suppose a corporation currently has $5,000 USDs in excess cash available to repurchase stock or pay dividends on its 50,000 shares. Suppose the corporation decides to use the $5,000 USDs to repurchase shares on the open market. If the current stock price is $15, 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: EM133432340

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