Question
Dungeoness Corporation has excess cash of $1,700 that it would like to distribute to shareholders through a share repurchase. Current earnings are $0.8 per share,
Dungeoness Corporation has excess cash of $1,700 that it would like to distribute to shareholders through a share repurchase. Current earnings are $0.8 per share, and the stock currently sells for $29 per share. There are 200 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. Please find all 4
Price per share = ?
Number Number of shares repurchased =?
Number Earnings per Share =?
Number Price earnings (P/E) ratio =?
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