ECB Co has 1 2 million shares outstanding selling at $24 per share It plans to repurchase 97,000 shares at the market price What will be its market capitalization after the repurchase What will be its stock price The market capitalization after the repurchase is $ million (Round to three decimal p...

To calculate the market capitalization after the repurchase and the new stock price per share we need to consider the effect of the share repurchase o ...

ECB Co. has 1.2 million shares outstanding selling at $24 per share. It plans to repurchase...

Fantastic news! We've Found the answer you've been seeking!

Question:

image text in transcribed

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

See More Books

Posted Date: Feb 16, 2024 01:38 AM

See More Questions

26. With its current leverage, Impi Corporation will have net income next year of 4.5 million. If Impis corporate tax rate is 35% and pay 8% interest on its debt, how much additional debt can Impi...
The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...
Junes Garden Supplies purchases merchandise on account from Lawn Supplies, Inc. The list price is $1,600, with a trade discount of 25 percent, terms 1/10, n/30. Junes Garden Supplies pays the amount...
Write the equation of the line tangent to the graph of y = 3x5 - 6 at x = 1.
Ben is a wholesaler of motorcycle helmets, it is 1 January 20X2 Credit sales in the last quarter of 20X1 were as follows: October November December His credit sales in the first quarter will be as...
Next time you shop at Whole Foods, Sprouts, Thrive Market, or most any other grocery store, take a turn down the beverage aisle. While doing so, look for Aura Bora, a sparkling water. The first thing...
Chemical, Inc., which uses a process costing system, makes a chemical used as a preservative. The manufacturing process involves Departments A and B. The company had the following total costs and...
The formula of a compound is Y3(PO4)2. The electronic configuration of the atom of Y is 15. A. 2.8.2 B. 2.8.3 C 2.8.4 16. D. 2.8.5 The atomic numbers and mass numbers of atoms, W, X, Y and Z are...
1 Carry out a PESTEL analysis of Alibaba at the time of the case. Evaluate the balance of opportunities and threats, using the same kind of figure as in Illustration 2.1. 2 Draw a basic sociogram of...
Sylvia has monetary assets of $24,000, and the minimum amount she needs to spend each month is $6,000. The formula for emergency fund ratio is as follows: Emergency Fund Ratio = Monetary Assets /...
17-x, 2 for x 0 Let f(x) = Find each limit. 17+x, for x>0 (A) lim f(x) (B) lim f(x) x-0 (C) lim f(x) x-0 (D) f(0)
John Whiteck, financial vice president of Fox River Telephone Company, has just begun reviewing the minutes of the companys November 2016 board of directors meeting. The major topic discussed at the...
On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable $ 6,100 1,100 Supplies 4,000 Equipment 15,000 Accounts Payable 6,500 Common stock 11,900 Retained earnings,...
A company is considering a project. It has only 10% debt in its capital structure, with a pre-tax cost of 8%. It has a beta of 1.4; the risk free rate is 5%, and the equity risk premium is 6.5%. The...
2. Larry Fates, the owner of Goggle, a software company, emails his friend Steve Works as follows: "Hope all is well. I would like to purchase your building in Palo Alto, California for $5 million....
Using one template function, write a C++ program to swap firstly two integer numbers and then two student ID numbers. The student ID numbers are captured using objects of a class (say, student class).
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
Nokela Industries purchases a $40 million cyclo-converter. The cyclo-converter will be depreciated by $10 million per year over four years, starting this year. Suppose Nokelas tax rate is 40%. a....
Hawar International is a shipping firm with a current share price of $5.50 and 10 million shares outstanding. Suppose that Hawar announces plans to lower its corporate taxes by borrowing $20 million...
RiverRocks (whose WACC is 12%) is considering an acquisition of Raft Adventures (whose WACC is 15%). What is the appropriate discount rate for RiverRocks to use to evaluate the acquisition? Why?
List the five major components of a computer system.
What is hardware?
What encoding scheme is extensive to represent all the characters of all the languages in the world?

ECB Co. has 1.2 million shares outstanding selling at $24 per share. It plans to repurchase...

Question:

Expert Answer:

To calculate the market capitalization after the repurchase and the new stock price per share we need to consider the effect of the share repurchase o... View the full answer

Fundamentals of Corporate Finance

Students also viewed these finance questions