Question
2 points Dungeoness Corporation has excess cash of $1,800 that it would like to distribute to shareholders through a share repurchase. Current earnings are $0.7
2 points
Dungeoness Corporation has excess cash of $1,800 that it would like to distribute to shareholders through a share repurchase. Current earnings are $0.7 per share, and the stock currently sells for $30 per share. There are 170 shares outstanding. Ignore taxes and other imperfections.
If Dungeoness Corp. goes with the share repurchase, what will the price per share be? How many shares will they buy in the repurchase? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES.
Price per share =
Number of shares repurchased =
Earnings per Share =
Price earnings (P/E) ratio =
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The Economic Indicator Handbook How To Evaluate Economic Trends To Maximize Profits And Minimize Losses
Authors: Richard Yamarone
1st Edition
1118204662, 9781118204665
