Levy Corp.'s balance sheet is shown here in terms of market value. There are 8,000 shares outstanding.
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Levy Corp.'s balance sheet is shown here in terms of market value. There are 8,000 shares outstanding. |
market value balance | ||||||
Money | ps | 45,600 | Equity | ps | 545,600 | |
Fixed assets | 500,000 | |||||
Total | ps | 545,600 | Total | ps | 545,600 | |
In lieu of a dividend of $1.90 per share, the company has announced a share buyback worth $15,200. |
How many shares will remain outstanding after the buyback? (Do not round intermediate calculations and round your answer to 2 decimal places. (eg, 32.16) ) |
Outstanding shares |
What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. (eg, 32.16)) |
New stock price | ps |
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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