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QUESTION
An analyst gathered the following information about a company: Number of shares outstanding: 10 million Earnings per share:00 P/E: 20 Book value per...
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?
