Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter23: Corporate Restructuring
Section: Chapter Questions
Problem 12P
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Bo's Home Manufacturing has 260,000 shares outstanding
that sell for $43.41 per share. The company has announced
that it will repurchase $46,000 of its stock.
What will the share price be after the repurchase?
a. $43.59
b. $37.83
c. $43.41
d. $40.71
e. $43.23
Transcribed Image Text:Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23
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