Companies with excess cash after employ share repurchase plans in place of or along with cash dividends. Share repurchase plans can help investors liquidate their holdings by selling their stock to the issuing company and earning from capital gains. Consider the case of St. Sebastian Company: St. Sebastian Company has forecasted a net income of $5,300,000 for this year. Its common stock currently trades at $21 per sture, and the company currently has 910,000 shares of common stock outstanding. It has sufficient funds wailable to pay a cast dividend. but many of its investors don't like the additional tax liability to which the dividend income subjects them As a result, St. Sebastian's manapement is considering making a share repurchase transaction le which it would buy back 75,000 shares of its outstanding shares in the open market by paying the current market share price. Assume that the repurchase transaction will have no effect on either the company's net income or its price-to-earnings (P/E) ratio. What is St. Sebastian's expected stock price after the stock repurchase transaction? (Note: Round your intermediate calculation to two decimal places. Hound your answer to two decimal places) O $21.77 per stare O $29.00 per share 524.07 per share $22.92 per share Which of these factors are considered an advantage of a stock repurchase check all the way Stockholders who sell their stock back to the company might claim that they were not made fully aware of it implication of the repurchase A purchase can remove a large block of stod that is changing the market and keeping the per share price depressed When a firm distributes cash repurchasing stock, stockholders have the option to either will not stock