Look back at Table 14.2. a. Suppose that George Weston issues 10 million shares at $55 a
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a. Suppose that George Weston issues 10 million shares at $55 a share. Rework the table to show the company's equity after the issue.
b. Suppose that George Weston subsequently repurchased 500,000 shares at $60 a share. Rework part (a) to show the effect of the further change. Take the average issue price of the shares to be $30.
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a Common shares will go up by 10 million shares x 55 per share 550 million T...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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