FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

OnlineEduc has an EPS of 5, with 12 million shares outstanding. The shares are trading at 13 each. It is thinking of acquiring ClassRoom that

OnlineEduc has an EPS of 5, with 12 million shares outstanding. The shares are trading at 13 each. It is thinking of acquiring ClassRoom that has an EPS of 1, with 12 million shares outstanding which are trading at 12 each. How many shares (in millions) would OnlineEduc need to issue to buy ClassRoom ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Active Value Investing Making Money In Range Bound Markets

Active Value Investing Making Money In Range Bound Markets

Authors: Vitaliy N. Katsenelson

1st Edition

0470053151, 978-0470053157

More Books

Students also viewed these Finance questions

Question

★★★★★
Which of the following ions will always be a spectator ion in a precipitation reaction? (a) CI- (b) NO3- (c) NH4+ (d) S2- (e) SO42- Explain briefly.

Answered: 1 week ago

Question

★★★★★
Please provide the solution to Chapter 17, Problem 24Pin the Tenth Edition of Managerial Accounting by Hilton and Paltt Glass Creations Company is developing departmental overhead rates based on...

Answered: 1 week ago

Question

★★★★★
5. What are the four basic components of the marketing mix?

Answered: 1 week ago

Question

★★★★★
1. To compute the price elasticity of demand, we divide the percentage change in_______ by the percentage change in _______and then take the _______value of the ratio. 2. If a 10 percent increase in...

Answered: 1 week ago

Question

★★★★★
OnlineEduc has an EPS of 5, with 12 million shares outstanding. The shares are trading at 13 each. It is thinking of acquiring ClassRoom that has an EPS of 1, with 12 million shares outstanding which...

Answered: 1 week ago

Question

★★★★★
8. Veggie Survey In an Idaho Potato Commission survey of 1000 adults, subjects are asked to select their favorite vegetables, and responses of potatoes, corn, broccoli, tomatoes, or "other" were...

Answered: 1 week ago

Question

★★★★★
In which of the following cases does it seem reasonable to assume a binomial distribution? Give arguments. (a) You count the number of rainy days in April one year. (b) You count the number of rainy...

Answered: 1 week ago

Question

★★★★★
1. Incubus Corporation began with an investment by shareholders of $40,000. a. In its first year, its income showed a deficit of $7,000. What would the equity section of its balance sheet show? b. In...

Answered: 1 week ago

Question

★★★★★
Required information Exercise 8 - Calculating and Comparing Return on Invested Capital (ROIC) Apple v. Blackberry Skip to question Return on Invested Capital (ROIC) is a profitability ratio that...

Answered: 1 week ago

Question

★★★★★
In early September, 2003, California's Governor Gray Davis approved a controversial law allowing people who were not legal residents to obtain a California state driver's license, That week the...

Answered: 1 week ago

Question

★★★★★
Ayra borrowed $10,000 for 8 years at an APR of 7.6 percent. The loan calls for equal monthly principal payments. Interest will also be paid annually. What will be her loan payment in the first month...

Answered: 1 week ago

Previous Question Next Question