FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The market value balance sheet for Onyediri, Inc., reflects cash of $480,000, fixed assets of $450,000, and equity of $930,000. There are 11.000 shares of

image text in transcribed
The market value balance sheet for Onyediri, Inc., reflects cash of $480,000, fixed assets of $450,000, and equity of $930,000. There are 11.000 shares of stock outstanding with a par value of $1 per share. The company has announced that it is going to repurchase 1,000 shares of stock. What will the price of the stock be after this repurchase

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Behavioral Finance

Behavioral Finance

Authors: Edwin Burton, Sunit N. Shah

1st Edition

111830019X, 978-1118300190

More Books

Students also viewed these Finance questions

Question

★★★★★
1. Respond to the following question: Would X be someone whom you would consider as a viable potential candidate for the hospital administrator position, despite his limited technical expertise? 2....

Answered: 1 week ago

Question

★★★★★
State casket sales restrictions. Some states permit only licensed firms to sell funeral goods (e.g., caskets, urns) to the consumer, while other states have no restrictions. States with casket sales...

Answered: 1 week ago

Question

★★★★★
LO 10-2 How do smell and taste function?

Answered: 1 week ago

Question

★★★★★
In Figure the current in resistance 6 is i 6 = 1.40 A and the resistances are R 1 = R 2 = R 3 = 2.00?, R 4 = 16.0?, R 5? = 8.00?, and R 6 = 4.00?. What is the emf of the ideal battery? R. R,

Answered: 1 week ago

Question

★★★★★
EC 4 3 3 International Economics / / 2 2 Dr . Meister Review for Ch . 4 1 . Consider the following monetized Ricardian model of international trade. Let w = wage rate, L / unit = the amount of labor...

Answered: 1 week ago

Question

★★★★★
An investment will pay $20,800 at the end of the first year, $30,800 at the end of the second year, and $50,800 at the end of the third year. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) (Use the...

Answered: 1 week ago

Question

★★★★★
Sheridan Corporation acquires a coal mine at a cost of $432,280. Intangible development costs total $107,000. After extraction has occurred, Sheridan must restore the property (estimated fair value...

Answered: 1 week ago

Question

★★★★★
A demand loan for $8,000 with interest at 16% compounded quarterly was repaid after two years and eight months. What was the amount of interest paid?

Answered: 1 week ago

Question

★★★★★
Period Product A Product B Product C Product D Product E 1 96 107 164 168 217 2 98 94 156 200 190 3 103 98 161 194 184 4 97 100 155 177 196 5 104 95 152 172 185 6 96 106 155 195 208 7 103 102 153 193...

Answered: 1 week ago

Question

★★★★★
Using IRAC (Issue, Rule of law, Analysis, and Conclusion). In the case of Horizon Mills Corp v QVC Inc., much turned on the question how consumers would interpret the term "Slinky." Do you think the...

Answered: 1 week ago

Question

★★★★★
(1 point) Hydrocodone is a commonly prescribed pain killer. Given an initial dosage P0 mg of hydrocodone, the amount of hydrocodone affecting a patient's nervous system If hours after taking the drug...

Answered: 1 week ago

Question

★★★★★
Discuss the value of adult learning theory to HRD interventions

Answered: 1 week ago

Question

★★★★★
Cite recent perspectives from instructional and cognitive psychology that have importance for HRD

Answered: 1 week ago

Question

★★★★★
Conduct a task analysis for a job of your choosing

Answered: 1 week ago

Previous Question Next Question