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Business, 02.02.2022 05:00 shayhiddinovxasan93

JKM Inc., has a market value equal to its book value. Currently, the firm has excess cash of $9000, other assets of $30,000 and equity of $15,000. The firm has 1,200 shares outstanding and net income of $1000.JKM Inc., has decided to spend one-third of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed

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JKM Inc., has a market value equal to its book value. Currently, the firm has excess cash of $9000,...
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