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All of the answers below are correct. Can you elaborate on how to get the answers with the numbers provided? Thank you 19. EJH Company
All of the answers below are correct. Can you elaborate on how to get the answers with the numbers provided? Thank you
19. EJH Company has a market capitalization of $1.9 billion and 40 million shares outstanding It plans to distribute $90 million through an open market repurchase Assuming perfect capital markets: a. What will be the price per share of EJH right before the repurchase? b. How many shares will be repurchased? c. What will be the price per share of EJH right after the repurchase? a. What will be the price per share of EJH right before the repurchase? The price per share of EJH right before the repurchase is $ 47 50 (Round to the nearest cent) b. How many shares will be repurchased? The number of shares to be repurchased is 1.89 million (Round to two decimal places.) C. What will be the price per share of EJH right after the repurchase? The price per share of EJH right after the repurchase will be $ 47.50 (Round to the nearest cent)Step by Step Solution
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