Question
Question content area top EJH Company has a market capitalization of $1.0 billion and 20 million shares outstanding. It plans to distribute $100 million through
Question content area top
EJH Company has a market capitalization of $1.0 billion and 20 million shares outstanding. It plans to distribute $100 million through an open market repurchase. Assuming perfect capital markets:
a. What will the price per share of EJH be right before the repurchase?
b. How many shares will be repurchased?
c. What will the price per share of EJH be right after the repurchase?
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Handbook Of Key Global Financial Markets Institutions And Infrastructure
Authors: Gerard Caprio
1st Edition
0123978734, 9780123978738
