Question
A firm has 35,000 shares of stock outstanding at a price per share of $26. The company has decided to repurchase $260,000 worth of shares.
A firm has 35,000 shares of stock outstanding at a price per share of $26. The company has decided to repurchase $260,000 worth of shares. After the repurchase, there will be _____ shares outstanding.
| 5,000 shares | ||
| 30,000 shares | ||
| 25,000 shares | ||
| 40,000 shares Based on the information from Question 33, what is new market price of the stock after the repurchase?
|
| $22.5 per share | ||
| $26.0 per share | ||
| $28.5 per share | ||
| $30.3 per share Based on the information from Question 33 and 34, does the total market value of the common stock change after the stock repurchase? yes no |
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Broadcasting Finance In Transition
Authors: Jay G. Blumler, T. J. Nossiter
1st Edition
0195050894, 978-0195050899
