A firm has 500 stockholders, each of whom own $100 in shares. If the firm uses $10,000 to repurchase shares, how many stockholders would remain, and what would be the value of their shares?
A firm has 500 stockholders, each of whom own $100 in shares. If the
firm uses $10,000 to repurchase shares, how many stockholders would remain, and what would be the value of their shares?
400 shareholders would each own shares worth $100
400 shareholders would each own shares worth $120
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400 shareholders would each own shares worth $80
400 shareholders would each own shares worth $80