1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It...
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1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets: - Part A What will the price per share of EJH be right before the repurchase? A. 50 B. 0.05 C. 45 D. 0.045 1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets: Part B - How many shares will be repurchased in millions? A. 2000 B. 2 C. 2222 D. 2.22 1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets: Part C - What will the price per share of EJH be right after the repurchase? A. lower than or equal to the price per share right before the repurchase B. higher than or equal to the price per share right before the repurchase C. equal to the price per share right before the repurchase D. lower than, higher than or equal to the price per share right before the repurchase 1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets: - Part A What will the price per share of EJH be right before the repurchase? A. 50 B. 0.05 C. 45 D. 0.045 1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets: Part B - How many shares will be repurchased in millions? A. 2000 B. 2 C. 2222 D. 2.22 1. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets: Part C - What will the price per share of EJH be right after the repurchase? A. lower than or equal to the price per share right before the repurchase B. higher than or equal to the price per share right before the repurchase C. equal to the price per share right before the repurchase D. lower than, higher than or equal to the price per share right before the repurchase
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