Question
A firm has 5,490 common shares outstanding with a total market value of $249,620. Currently, the firm has excess cash of $12,370 and net income
A firm has 5,490 common shares outstanding with a total market value of $249,620. Currently, the firm has excess cash of $12,370 and net income of $19,970. If the firm uses all of its excess cash to repurchase the common shares, what will be the revised EPS after the stock repurchase is complete?
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
