EJH Company has a market capitalization of

$1.2

billion and

35

million shares outstanding. It plans to distribute

$110

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?

Question content area bottom

Part 1

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

The price per share of EJH right before the repurchase is

$enter your response here.

(Round to the nearest cent.)

Part 2

b. How many shares will be repurchased?

The number of shares to be repurchased is

enter your response here

million.(Round to two decimal places.)

Part 3

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

The price per share of EJH right after the repurchase will be

$enter your response here.

(Round to the nearest cent.)