=+ST141 Stock repurchase The Off-Shore Steel Company has earnings available for common stockholders of $2 million and

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=+ST14–1 Stock repurchase The Off-Shore Steel Company has earnings available for common stockholders of $2 million and has 500,000 shares of common stock outstanding at

$60 per share. The firm is currently contemplating the payment of $2 per share in cash dividends.

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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