The following data apply to Elizabeth's Electrical Equipment:
Value of operations$20,000
Short-term investments$1,000
Debt$6,000
Number of shares300
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
Answer: B
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