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    Repurchasing outstanding shares

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