An analyst gathered the following information about a company: If the company repurchases 1 million shares at

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An analyst gathered the following information about a company:

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If the company repurchases 1 million shares at the prevailing market price, the resulting book value per share will be closest to:
A. $$26$.
B. $$27$.
C. $$29$.

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Corporate Finance A Practical Approach

ISBN: 9781118217290

2nd Edition

Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan

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Question Posted: Mar 30, 2024 01:01 AM

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An analyst gathered the following information about a company: If the company repurchases 1 million shares at

Question:

Number of shares outstanding Earnings per share P/E 10 million $2.00 20 Book value per share $30

Step by Step Answer:

To calculate the resulting book value per share after the company repurchases 1 million shares we ne...View the full answer

Corporate Finance A Practical Approach

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