Question: The balance sheet for Thames Properties PLC is shown here in market value terms. There are 2.4 billion shares outstanding Market Value Balance Sheet (8)

 The balance sheet for Thames Properties PLC is shown here in

The balance sheet for Thames Properties PLC is shown here in market value terms. There are 2.4 billion shares outstanding Market Value Balance Sheet (8) Cash 2,315m Equity 4,022m Non-current assets 10,256m Liabilities 8,549m Total 12,571m 12,571m It has announced it is going to repurchase 1,000,000,000 (1bn) worth of stock. (note 1,000m = 1bn) Fill in the blanks. Today's share price is 1.68 [enter your answer to 20p] Repurchasing the shares will reduce shareholders' equity by X billion (enter your answer in billions] X million shares will be repurchased. [enter your answer in millions, to 3dp, if you think the answer is 123,456,789.123, enter 123.457] And the new shares outstanding will be 1.805 billion. [enter your answer in billions, to 3dp, if you think the answer is 1,234,567,891.234, enter 1.235] After repurchase, the new share price is 2.2 X [enter your answer to 2dp]

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