Question
please help with all 3 parts c17 q13 Stock repurchase plan.Southern Rail road has announced a $4,900,000 stock repurchase plan over the next month. The
please help with all 3 parts
c17 q13 Stock repurchase plan.Southern Rail
road has announced a $4,900,000 stock repurchase plan over the next month. The current price of Southern Railroad stock is $19.38 per share, and 14,000,000 shares are outstanding. How many shares is Southern expecting to buy? What is the cash dividend that the company could pay with the repurchase money? If you were a shareholder with 900 shares, how many shares would you need to sell back to get cash equivalent to this dividend?
How many shares is Southern expecting to buy?
shares(Round to the nearest whole number.)
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