Question
Crozet Corporation plans to borrow just enough money to repurchase 100,000 shares. The following information relates to the share repurchase: Shares outstanding before buyback 4.5
Crozet Corporation plans to borrow just enough money to repurchase 100,000 shares. The following information relates to the share repurchase: Shares outstanding before buyback 4.5 million Earnings per share before buyback $5.00 Share price at time of buyback $50 After tax cost of borrowing 9% Crozets earnings per share after the buyback will be closest to:
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Handbook Of Asian Finance REITs Trading And Fund Performance
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009861, 978-0128009864
