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EJH Company has a market capitalization of $2.8 billion and 10 million shares outstanding. It plans to distribute $95 million through an open market repurchase.

EJH Company has a market capitalization of $2.8 billion and 10 million shares outstanding. It plans to distribute $95 million through an open market repurchase. Assuming perfect capital markets:

a. What will the price per share of EJH be right before the repurchase? (Round to two decimal places.)

b. How many shares will be repurchased?

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

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