Solution-Outstanding shares on the open market

Outstanding shares on the open market

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Reference no: EM132758777

Diego owns 100 shares of stock in Company A that are valued at $40/share. After Company A repurchases 10% of its outstanding shares on the open market, what does Diego own?

a.)100 shares valued at a lower price/share
b.)90 shares valued at a higher price/share
c.)90 shares valued at a lower price/share
d.)100 shares valued at a higher price/share

Can you show how you calculate to get the answer also?

Reference no: EM132758777

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Outstanding shares on the open market

Reference no: EM132758777

Reference no: EM132758777

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