repurchase 是不是就代表股票注销了？

问题如下：

Company M has 10 million shares of outstanding stock. Currently, the book value per share is $30. If Company M repurchases $50 million at the current share price of $25 per share with the idle cash, what`s the book value per share after the repurchase?

选项：

$25.00

$31.25

$37.50

解释：

B is correct.

考点：Share Repurchases

解析：现在权益的账面价值为$30*10 = $300 million

公司将要回购$50 million/$25 = 2 million股

回购后，BVPS = (300-50)/(10-2) = $31.25