age. If she is correct, for s45 afstandin pl has decided to repurchase stock, Question unnced its plan to pay dividends of $550,000. Presently, there are 275,000 2: poration, and Phil- dng, and the earnings per share is $6. It looks like the stock should sell I'm on the board of directors of the B. Phillips Cor lips has announce shares outstandin hr ex-dividend date. If instead of paying a dividend, the management r $45 after the hould be the repurchase price that is equivalent to the proposed divi- dend? (Hint: Ignore any tax effects.) b. How many shares should the company repurchase? e You want to look out for the small shareholders. If someone owns 100 shares think she would prefer that the company pay the dividend or repur- do you chase stock