Chartered Financial Analyst Level 2
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17
An analyst gathers the following information about a company:
- Share price: $50
- Shares outstanding: 100 million
- Book value of equity: $6,000 million
If the company completes a $400 million share buyback at the current market price, the book value per share after the transaction will be closest to:
17
An analyst gathers the following information about a company:
- Share price: $50
- Shares outstanding: 100 million
- Book value of equity: $6,000 million
If the company completes a $400 million share buyback at the current market price, the book value per share after the transaction will be closest to:
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