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PLEASE ANSWER ALL CEC (Copperbelt Energy Corporation) earns K2.5 million in 2021. Of this amount, it decided that 20% would be used to purchase treasury
PLEASE ANSWER ALL
- CEC (Copperbelt Energy Corporation) earns K2.5 million in 2021. Of this amount, it decided that 20% would be used to purchase treasury stock (buy back their stock). At present there are 400,000 shares outstanding. Market price per share is K18. If they negotiate a tender offer of K20 per share;
- How many shares does CEC buy back?
- What happens to the EPS and market Price?
- Blake Companys net income for 2019 was K3 million. Of this amount, 40% will be used to purchase treasury stock. Currently, there are 1million shares outstanding and the market price per share is K9.How many shares can the company buy back through a tender offer of K12 a share?
- What is the current earnings per share?
- What is the earnings per share?
- What is the current P.E ratio?
- What will earnings per share be after the treasury stock acquisition?
- What is the expected market price per share assuming the present P/E ratio remains the same?
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Generational Wealth Personal Financial Handbook
Authors: Sherique Dill
1st Edition
1985161222, 978-1985161221
