Question
Sky Software is an all-equity firm with a firm value of $480,000 and 12,000 shares outstanding. The company plans to pay out $40,000 through a
Sky Software is an all-equity firm with a firm value of $480,000 and 12,000 shares outstanding. The company plans to pay out $40,000 through a share repurchase. Assume no signaling effect, what will be the share price of Sky Software after the repurchase? A) $33.85 B) $36.67 C) $36.92 D) $40.00 E) $43.64
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
