c. At what average cost has Case repurchased its stock as of the current year end? Note: Round price per share to two digits after the decimal, if applicable. Current Year Average purchase price: Answer 5 0.26 d. Which one of the following is NOT a reason a company such as Case would want to repurchase its common stock? Answer 6 1) To offset the dilutive effects of shares issued to employees under stock option plans. 2) To mitigate a takeover threat if the remaining shares are concentrated in "friendly hands." 3) To send a signal to the market that the company feels its shares are overvalued. 4) To return excess cash to shareholders. e. What is meant by "Profit employed in the business"? The account balance was $78,900 million at the start of the year and the company reported net income of $18,440 million for the year. What amount did the company record as dividends for the current year? Note: Do not use a negative sign. Current Year Dividends: Answer 7 0