A company plans to borrow $70,000 that it will use to repurchase shares. The company's CFO has compiled the following information: Share price at the time of buyback is $35 Shares outstanding before buyback is 28,000 shares EPS before buyback is $6 The after-tax cost of borrowing is 6% The EPS after the buyback is: $6.09 6.3 $3 ALHAMD Inc. is going public using an auction IPO in which the number of offered shares is 2,000,000 shares. The firm has received the following bids: Price Number of shares 16 400,000 15.8 600,000 15.6 800,000 15.4 500,000 15 300,000 What will be the winning offer price per share? 15.4 O 15.60 15