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A stock is currenthy trading for $33. The company has a price-earnings multiple of 10 . There are 100 million shares outstanding. Your model indicates

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A stock is currenthy trading for $33. The company has a price-earnings multiple of 10 . There are 100 million shares outstanding. Your model indicates that the stock is actually werth 543. The company announces that it will use $350 million to repurchase shares. a. After the repurchase, what is the value of the stock, according to your model? Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. ARer the repurchase, what is the actual price-earnings muttiple of the stock? Do not found intermediate calculations. Round your answer to two decimal places. c. If the company had used the $350 million to pay a cash dividend instead of doing a repurchase, hew nould the value of the stock have changed, according to your model? Do not round intertrediate calculations. Round your answer to the nearest cent. The market value of the stock is now is d. If the company had used the $350 miaion to pay a cash dividend instesd of doing a repurchase, what would be the actual price-eamings multiple anter the dividend? Do not round intermediate calculations. Reund your answer to tho decimsl places

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