Jill & Co, with a book value of $6 per share, has 500,000 shares outstanding.

a) In the recent past, Jill & co have announced and carried out a 5-for-2 stock split. If the current market value is $12 per share, what was the presplit share price?

b) Now instead of a stock split, assume that the company repurchased 75,000 shares. Furthermore, assume that shareholders do not negotiate repurchase price. If the current market value is $12 per share, estimate the share price before the stocks were repurchased?

c) If it was a leveraged buyback, how much additional debt did Jill & Co. issue? What is the effect of the leveraged buyback on the book value of shares?

Kindly, show the Formula of the answers in Excel