Intro Global Mickey Inc. has 27 million shares outstanding and a market capitalization of $2,028.24 million. The company plans to distribute $200 million to shareholders by repurchasing its own shares at the current market price. Assume perfect capital markets (ignore taxes and signalling effects). Part 1 Attempt 1/10 for 10 pts. What should be the stock price just before the repurchase? 75 Correct Market capitalization - Stock price* Number of shares outstanding: = MC = P * N P = MC/N = 2,028.24 / 27 = 75.12 Part 2 Attempt 1/10 for 10 pts. How many shares will the company repurchase (in million)? 2.67 Correct Number of shares repurchased = Amount spent on repurchase / Stock price = 200 / 75.12 = 2.662 (million) Attempt 2/10 for 10 pts. Part 3 What should be the stock price right after the repurchase? p+ decimals Submit