Using one-half of the most recent cash and cash equivalents reported on the balance sheet (in thousands

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Using one-half of the most recent cash and cash equivalents reported on the balance sheet (in thousands of dollars), compute the following:

a. The number of shares that would be repurchased given the current market price.

b. The dividend per share that could be paid given the total number of shares outstanding.

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Corporate Finance

ISBN: 9780134999463

5th Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 01, 2022 04:55 AM

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Using one-half of the most recent cash and cash equivalents reported on the balance sheet (in thousands

Question:

Step by Step Answer:

1 If the company buys back 100000 shares at the market price it will spend 100000 x 1000 1000000 on the share repurchase The company will then have 10...View the full answer

Corporate Finance

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