Global Mickey Inc. has 24 million shares outstanding and a market capitalization of $1,706.88 million. The...
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Global Mickey Inc. has 24 million shares outstanding and a market capitalization of $1,706.88 million. The company plans to distribute $200 million to shareholders by repurchasing its own shares at the current market price. Assume perfect capital markets (ignore taxes and signalling effects). Part 1 * Attempt 1/5 for 5 pts. What should be the stock price just before the repurchase? 0+ decimals Submit Part 2 - Attempt 1/5 for 5 pts. How many shares will the company repurchase (in million)? 2+ decimals Submit Part 3 - Attempt 1/5 for 5 pts. What should be the stock price right after the repurchase? 0+ decimals Global Mickey Inc. has 24 million shares outstanding and a market capitalization of $1,706.88 million. The company plans to distribute $200 million to shareholders by repurchasing its own shares at the current market price. Assume perfect capital markets (ignore taxes and signalling effects). Part 1 * Attempt 1/5 for 5 pts. What should be the stock price just before the repurchase? 0+ decimals Submit Part 2 - Attempt 1/5 for 5 pts. How many shares will the company repurchase (in million)? 2+ decimals Submit Part 3 - Attempt 1/5 for 5 pts. What should be the stock price right after the repurchase? 0+ decimals
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Market capitalization Stock price before repurchase No of shares 1706 ... View the full answer
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