EJH Company has a market capitalization of $1.1 billion and 50 million shares outstanding. It plans to distribute S85 million through an open market repurchase. Assuming perfect capital markets:

a. What will the price per share of EJH be right before the repurchase?

b. How many shares will be repurchased?

c. What will the price per share of EJH be right after the repurchase?

a. What will the price per share of EJH be right before the repurchase?

The price per share ofEJH right before the repurchase is $___. (Round to two decimal places.)

b. How many shares will be repurchased?

The number of shares to be repurchased is ___million. (Round to three decimal places.)

c. What will the price per share ofEJH be right after the repurchase?

The price per share ofEJH right after the repurchase will be $____. (Round to two decimal places.)