Question
The balance sheet of Maple Express Inc. is shown here in market value terms. There are 10,000 shares of stock outstanding. Cash $16,000 Equity $175,000
The balance sheet of Maple Express Inc. is shown here in market value terms. There are 10,000 shares of stock outstanding.
Cash $16,000 Equity $175,000
Fixed Assets $159,000
175,000 175,000
The company has announced that it is going to repurchase $5,000 worth of stock. What will the price of the stock be after the repurchase? What is one advantage to a repurchase versus a special dividend?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
