The Belton Corporation has $ 4 million in earnings after taxes and 2 million shares outstanding. The stock trades at a P/E of 25. The firm has $2 million in excess cash e-1. If the P/E remains constant what will the new price of the securities be? (Do not round Intermediate calculations Round your answer to 2 decimal places.) Price of securities $ e-2. By how much in terms of dollars, did the repurchase change the share price? The stock price has (Click to select by $ f. Has the shareholder's total wealth changed as a result of the stock repurchase as opposed to the cash dividend? O Yes No g. From the shareholder's perspective. Is there any major tax advantage to tendering one's shares versus the receipt of cash dividends? Yes no The Belton Corporation has $ 4 million in earnings after taxes and 2 million shares outstanding. The stock trades at a P/E of 25. The firm has $2 million in excess cash e-1. If the P/E remains constant what will the new price of the securities be? (Do not round Intermediate calculations Round your answer to 2 decimal places.) Price of securities $ e-2. By how much in terms of dollars, did the repurchase change the share price? The stock price has (Click to select by $ f. Has the shareholder's total wealth changed as a result of the stock repurchase as opposed to the cash dividend? O Yes No g. From the shareholder's perspective. Is there any major tax advantage to tendering one's shares versus the receipt of cash dividends? Yes no