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Canned toeducation.com/ext/map/index.html con control browser och 25A25252newconnect medication/ mapter 18 Dividend Policy and Retained Earnings Help You received partial credit in the previous attempt 3

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Canned toeducation.com/ext/map/index.html con control browser och 25A25252newconnect medication/ mapter 18 Dividend Policy and Retained Earnings Help You received partial credit in the previous attempt 3 Check my work View The Belton Corporation has $6 million in earnings after tes and 3 milion shares outstanding the stock trades at a PE of 10 The fir has $2 million in excess cash a. Compute the current price of the stock Current price $2000 b. If the 52 million is used to pay dividends, how much will dividends per share be? Dividends per share $ 0.67 c. If the $2 million is used to repurchase shares in the market at a premium price of $207 per share, how many shares wil be reacquired? (Round the final answer to the nearest whole number) Number of shares acquired d. What will the new EPS be? (Round Intermediate calculations and instanewer to 2 decimal places) Earnings per share 207 1. the PE remains constant, what will the new price of the securities be? (Do not round intermediate calculations. Round your answer to 2 decimal places)

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