Question
REX company gas a market capitalization of $10 billion and 200 million shares outstanding. It plans to distribute $50 million through an open market repurchase
REX company gas a market capitalization of $10 billion and 200 million shares outstanding. It plans to distribute $50 million through an open market repurchase of shares. What will be the price per share of REX right before the repurchase? And how many shares will REX repurchase?
| a. | $5 and 10 million shares | |
| b. | $100 and 500,000 shares | |
| c. | $50 and 1 million shares | |
| d. | $500 and $100,000 shares |
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
