Question: Southern Railroad has announced the following stock repurchase plan 5 000 000
Southern Railroad has announced the following stock repurchase plan: $5,000,000 repurchase over the next month. Current price of Southern Railroad is $18.50 per share, and there are 15,000,000 shares outstanding. How many shares is Southern expecting to buy, and what would an equivalent cash dividend be for this repurchase? If you were a shareholder with 600 shares, how many shares would you need to sell back to have the same cash dividend as the cash-equivalent dividend?
Answer to relevant QuestionsEastern Railroad has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following dividends.If you started with 100 shares of stock at $46 per ...Pearl currently owns 600 shares of Ajax, Incorporated. Ajax has a low-payout dividend policy, and this year will pay 4% cash dividend on its shares selling currently at $40. Pearl wants a high-dividend policy of 9% of the ...How can a changing exchange rate impact a company’s profits on one of its foreign operations?Great Exchanges, Inc. is a currency exchange company located at most international airports. Today, a clerk has made a mistake on one of the currency exchanges and has posted the following rates:Which corresponding rates do ...Farbucks is thinking of expanding to South Korea. The current indirect rate for dollars and South Korean won is 1025. The inflation rate in South Korea is expected to hover near 0.5% for the next five years. The U.S. ...
Post your question