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please show steps and formulas used, thanks Lebbit Co. has 250,000 outstanding shares. The market value statement of financial position for the company looks like
please show steps and formulas used, thanks
Lebbit Co. has 250,000 outstanding shares. The market value statement of financial position for the company looks like this: Market Value Statement of Financial Position 1) What is the stock price? The company declares a dividend of $0.40 per share. Ignoring any tax effects 2) What will be the ex-dividend price? 3) What will the market value statement of financial position look like after the dividends are paid? If the company decides to repurchase $100,000 worth of stock instead 4) How many shares will be outstanding? 5) What will the market value statement of financial position look like after the repurchase? 6) What will the price of stock be after the repurchase Step by Step Solution
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