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What will be the resulting book value per

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Reference no: EM132203991

An analyst gathered the following information about a company:

Number of shares outstanding: 10 million

Earnings per share: $2.00

P/E: 20

Book value per share: $30

If the company repurchases 1 million shares at the prevailing market price, what will be the resulting book value per?

Reference no: EM132203991

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