6. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans

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6. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets:

a. What will the price per share of EJH be right before the repurchase?

b. How many shares will be repurchased?

c. What will the price per share of EJH be right after the repurchase?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 21, 2024 11:00 AM

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6. EJH Company has a market capitalization of $1 billion and 20 million shares outstanding. It plans

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Fundamentals Of Corporate Finance

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