Please note: Part A is asking share price AFTER the repurchase if its enterprise value goes up? & What is CMAa shade price after the repurchase of its enterprise value DECLINES?

Please answers parts A, B, C.

$400 million and $100 million in excess cash. The irm has 10 milion shares outstanding and no debt. Suppose CMA uses its excess cash to repurchase shares. Afher the share repurchase, news will come out that will change AMC's enterprise value to either $800 million or $200 milion a Suppose CMA waits until after the news comes out to do the share repurchase. What is CMA's share price after the repurchase if its enterprise value goes up? What is CMA's share price after the repurchase if its enterprise value dedlines? The share price after the repurchase if its enterprise value goes up is $ (Round to two decimal places) b Suppose CMA management expects good news to come out Based on your earlier answersifmanagement desres to mammze CMA s uthute share price wil they undetake the repurchase before or after the news comes out? When would management undertake the repurchase if they expect bad news to come our? c Given your answer to part b what effect would you expect an announcement of a share repurchase to have on trhe stock price? why? Please answer parts a, b, and c