Business, 25.11.2020 14:10 jodonw1955

Afirm has excess cash of $600, other assets of $5,800, and equity is worth $6,400. The firm has 800 shares of stock outstanding and net income of $1,550. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? a. 741 shares
b. 658 shares
c. 808 shares
d. 733 shares
e. 725 shares

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Afirm has excess cash of $600, other assets of $5,800, and equity is worth $6,400. The firm has 800...

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