QUESTION 24 Blasco's has a market value equal to its book value. Currently, the firm...
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QUESTION 24 Blasco's has a market value equal to its book value. Currently, the firm has excess cash of $1,332, other assets of $11,674, and equity of $7 200. The firm has 1 200 shares of stock outstanding and net income of $838 Blasco's 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? O A. 937 shares B. 1,584 shares OC. 1.578 shares O D. 1,050 shares O E. 1.050 shares
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