Berwyn & Sons stock has a normal trading range of $21 to $29 a share. Recently,
ID: 2676049 • Letter: B
Question
Berwyn & Sons stock has a normal trading range of $21 to $29 a share. Recently, the firm hired a new CEO who has made dramatic, and effective, changes to the firm's operations. As a result, the stock has increased to $38 a share and is expected to increase at least another 25 percent. The firm's CFO is concerned about the stock price being so far above its normal trading range. Which one of the following actions should the firm take to address the CFO's concerns if the firm has no extra cash available to spend?Explanation / Answer
Please give the options
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