FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8) The total market value of assets of the XYZ company is $300. It includes cash of worth $40 million. The company has 10 million

8) The total market value of assets of the XYZ company is $300. It includes cash of worth $40 million. The company has 10 million shares outstanding. What is the new share price of the XYZ company if it utilizes its cash of $30 million to repurchase the shares?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Executives Managing For Value Creation

Finance For Executives Managing For Value Creation

Authors: Gabriel Hawawini, Claude Viallet

6th Edition

1473749247, 9781473749245

More Books

Students also viewed these Finance questions

Question

★★★★★
Delta Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, after which it will be worthless, and it will be depreciated by the...

Answered: 1 week ago

Question

★★★★★
The beginning balance sheet of Water Source Co. included a $800,000 investment in Larsen stock (35% ownership). During the year, Water Source completed the following investment transactions: Mar. 3...

Answered: 1 week ago

Question

★★★★★
Suppose X has an exponential probability density function with mean . Show that P(Xab Xa) = P(X> b), a > 0, b>0.

Answered: 1 week ago

Question

★★★★★
Ten individuals have participated in a diet-modification program to stimulate weight loss. Their weight both before and after participation in the program is shown in the following list is there...

Answered: 1 week ago

Question

★★★★★
7 Differences between hedge funds and mutual funds are that al b) hedge funds are typically open only to wealthy or institutional investors. hedge funds are only subject to minimal SEC regulation,...

Answered: 1 week ago

Question

★★★★★
8 (10 points) Any local check deposited must be available for withdrawal by check or as cash within one business day from the date of deposit. O A) True B) False

Answered: 1 week ago

Question

★★★★★
Save & Exit Brandon, an individual, began business four years ago and has sold 1231 assets with $5,900 of losses within the last five years. Brandon owned each of the assets for several years. In the...

Answered: 1 week ago

Question

★★★★★
The Lim Company has a plant that manufacturers transistor radios. The production time is only a few minutes per unit. The company uses a just-in- time production system and a backflush costing system...

Answered: 1 week ago

Question

★★★★★
The marketing department of a company has established that when the price of coffee is $6000 per ton, they sell 2 tons of coffee, and when the price is $4500 per ton, they sell 3 tons of coffee. a ....

Answered: 1 week ago

Question

★★★★★
A bent plate has a force P =145 N in direction BC applied to it. Determine the moment generated by force P acting at point B about line AD. 0.4 m A Z B P O E C D 0.3 m 0.35 m

Answered: 1 week ago

Question

★★★★★
Sandra is an ambitious producer with the Kramer Group. She is currently working with the Hopper Company, a small manufacturer who wants to explore other insurers but needs help assessing exactly what...

Answered: 1 week ago

Question

★★★★★
Discuss global cultural differences in GLOBE dimensions.

Answered: 1 week ago

Question

★★★★★
LO1 Discuss the objectives of human resource management.

Answered: 1 week ago

Question

★★★★★
LO2 Identify the steps in the strategic management of human resources.

Answered: 1 week ago

Previous Question Next Question