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EJH Company has a market capitalization of $2.5 billion and 10 million shares outstanding. It plans to distribute $110 million through an open market repurchase.
EJH Company has a market capitalization of $2.5 billion and 10 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? 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 S. (Round to two decimal places.) b. How many shares will be repurchased? The number of shares to be repurchased ismlion. (Round to three decimal places.) c. What will the price per share of EJH be right after the repurchase? The price per share of E.JH right after the repurchase will be s(Round to two decimal places.)
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