Question
A firm has 50 shares outstanding, each worth $8. With excess cash, the firm spends $80 to buys back 10 shares at $8 a share.
A firm has 50 shares outstanding, each worth $8. With excess cash, the firm spends $80 to buys back 10 shares at $8 a share. If the firm chooses to spend $80 in dividends instead of a share buy-back, what would be the price per share after the dividend?
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An Auditors Guide To Auditing Financial Statements In The UK
Authors: Steve Collings
1st Edition
1526527480, 978-1526527486
