Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please be specific, ty Question 20 012 pts Good Times R Coming Ltd. has extra cash and feels that the current market price of $2.00
please be specific, ty
Question 20 012 pts Good Times R Coming Ltd. has extra cash and feels that the current market price of $2.00 per share is significantly undervalued. They decide to repurchase 6,000 shares and plan to do it by way of a Dutch auction tender offer. They send out the notice to repurchase the 6,000 shares and put the range of the offer at $2.10 per share to $2.60 per share. The following shares were tendered: 2,000 shares @ $2.10 per share 3,000 shares @ $2.20 per share 6,000 shares @ $2.50 per share 4,000 shares @ $2.25 per share 3,000 shares @ $2.15 per share (These were your shares) No other shares were tendered, How much cash will you receive as a result of tendering your shares? $5,625.00 brrect Answer $4.950 su Answered $5,375.00 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started