Question
Plesae show all work and fomuals: 1-b.) Jenningston Mills has a market value equal to its book value. Currently, the firm has excess cash of
Plesae show all work and fomuals:
1-b.) Jenningston Mills has a market value equal to its book value. Currently, the firm has excess cash of $1,200, other assets of $5,800, and equity valued at $3,750. The firm has 250 shares of stock outstanding and net income of $420. What will the new earnings per share be if the firm uses 25 percent of its excess cash to complete a stock repurchase?
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The Public Private Partnership Handbook
Authors: Malcolm Morley
1st Edition
0749474262, 978-0749474263
