Question
Player EJH Company has a market capitalization of $1.1billion and 30million shares outstanding. It plans to distribute $80million through an open market repurchase. Assuming perfect
Player
EJH Company has a market capitalization of $1.1billion and 30million shares outstanding. It plans to distribute $80million 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?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
