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EJH Company has a market capitalization of $1.5 billion and 25 million shares outstanding. It plans to distribute $100 million through an open market repurchase.
EJH Company has a market capitalization of $1.5 billion and 25 million shares outstanding. It plans to distribute $100 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 of EJH right before the repurchase is $ (Round to the nearest cent.) b. How many shares will be repurchased? The number of shares to be repurchased is million. (Round to two decimal places.) 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 $ (Round to the nearest cent.)
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