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EJH Company has a market capitalization of $1.3 billion and 35 million shares outstanding. It plans to distribute $80 million through an open market repurchase.

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EJH Company has a market capitalization of $1.3 billion and 35 million shares outstanding. It plans to distribute $80 million through an open market repurchase. Assuming perfect capital markets: a. What will be the price per share of EJH right before the repurchase? b. How many shares will be repurchased? c. What will be the price per share of EJH right after the repurchase? a. What will be the price per share of EJH right before the repurchase? The price per share of EJH right before the repurchase is $ (Round to the nearest cent.)

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