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Repurchasing outstanding shares

How much would it cost for Chester Corporation to repurchase all its outstanding shares if the price fell by 10%? Assume no brokerage fees.
Select:
$187.7 million
$97.4 million
$87.7 million
$208.6 million

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Solution Summary

This solution shows how to calculate the cash required to repurchase all shares given a sudden price change.

$2.19