The Following Data Apply to Elizabeth's Electrical Equipment: Value of Operations

The following data apply to Elizabeth's Electrical Equipment: Value of operations             $\$ 20,000$
Short-term investments           $\$ 1,000$
Debt                       $\$ 6,000$
Number of shares                 $300$
The company plans on distributing $50 million by repurchasing stock.What will the intrinsic per share stock price be immediately after the repurchase?

A) $47.50
B) $50.00
C) $52.50
D) $55.13
E) $57.88

Correct Answer:

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