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5. Suppose Bank of America has an additional 900,000,000 shares outstanding on 12/31/2022, and their net income remains unchanged from the financial statements. Calculate
5. Suppose Bank of America has an additional 900,000,000 shares outstanding on 12/31/2022, and their net income remains unchanged from the financial statements. Calculate their new EPS. How would their EPS change and does this make sense? 6. During FY 2022, a. how many shares of common stock did Bank of America repurchase? b. What is the average price paid for the repurchased stock? 7. How does a share repurchase impact the company? (Increase, decrease, or have no effect) a. Total assets? b. EPS?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
9th edition
290-1259222138, 1259222136, 978-1259222139
