The Following Data Apply to Elizabeth's Electrical Equipment The Company Plans on Distributing $1,000 by Repurchasing Stock

The following data apply to Elizabeth's Electrical Equipment:

$\begin{array}{l}\begin{array} { l } \text {Value of operations}\\\text {Short-term investments}\\\text {Debt}\\\text { Numher of shares }\end{array}\begin{array} { l } \$ 20,000 \\\$ 1,000\\\$ 6,000\\\$ 300\\\end{array}\end{array}$

The company plans on distributing $1,000 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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