2. A firm has a market value equal to its book value. Currently, the firm has excess cash of $600 and other assets of $5,400. Equity is worth $6,000. The firm has 400 shares of stock outstanding and net income of $900. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? * (1 Point) $2.00 $2.50 8. You owned 200 shares last year and received a stock dividend of 10% at the end of last year. The number of shares you now have is and your wealth has increased by (1 Point) 210:5 210:0 50 000:5 220:0 9. A firm has a market value equal to its book value. Currently, the firm has excess cash of $800 and other assets of $4,000. Equity is worth $4,800. The firm has 600 shares of stock outstanding and net income of $700. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? (1 Point) 520 shares 540 shares 500 shares