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Dungeoness Corporation has excess cash of $1,300 that it would like to distribute to shareholders through a share repurchase. Current earnings are $1.4 per
Dungeoness Corporation has excess cash of $1,300 that it would like to distribute to shareholders through a share repurchase. Current earnings are $1.4 per share, and the stock currently sells for $25 per share. There are 250 shares outstanding. Ignore taxes and other imperfections. If Dungeoness Corp goes with the share repurchase, what will the price per share be? How many shares will they buy in the repurchase? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES. Red Corp, is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would be spent. Current earnings are $1.01 per share and the stock currently sells for $38 per share. There are 2,100 shares outstanding. Ignore taxes and other imperfections. If Red Corp, pays a dividend, what will be the dividend per share? After the dividend is paid, how many shares will be outstanding and what will the price per share be? Enter your answers rounded to 2 DECIMAL PLACES.
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For Dungeoness Corporation 1 Price per share after the share repurchase The excess cash of 1300 will be used to repurchase shares To calculate the new ...Get Instant Access to Expert-Tailored Solutions
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