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ABC's market value of equity is $9000 and has 700 shares outstanding. It has excess cash of $900 and net income of $1,008. ABC
ABC's market value of equity is $9000 and has 700 shares outstanding. It has excess cash of $900 and net income of $1,008. ABC plans to use 25% of excess cash to complete a stock repurchase. After that what is the new earnings per share? [6 marks]
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1 What is the new earnings per share Step 1 1 Calculate the amount of excess cash 25 900 ...
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
