The cost for Chester corporation to repurchase all its outstanding shares if the price fell by 10% is $214.1 million.
It should be noted that the market value will be:
= Outstanding shares × Closing price per share
= 1906233 × 112.33
= $214.1 million.
In conclusion, the cost for Chester corporation to repurchase all its outstanding shares if the price fell by 10% is $214.1 million.
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