Question
PT Kenanga has a market value equal to its book value. Currently, PT Kenanga has excess cash of $1,200 and other assets of $6,800. Equity
PT Kenanga has a market value equal to its book value. Currently, PT Kenanga has excess cash of $1,200 and other assets of $6,800. Equity is worth $8,000. PT Kenanga has 400 shares of stock outstanding and a net income of $1,904. PT Kenanga plans to use its excess cash to repurchase stocks. Determine new earnings per share after the stock repurchase.
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The Oxford Guide To Financial Modeling
Authors: Thomas S Y Ho, Sang Bin Lee
1st Edition
019516962X, 9780195169621
