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The share prices of ABC and XYZ are both $65 per share, and each company has 75 million shares outstanding. On September 30, both companies
The share prices of ABC and XYZ are both $65 per share, and each company has 75 million shares outstanding. On September 30, both companies announced a $15 million stock buyback. ABC has a book value of $450 million, while Winnipeg has a book value of $950 million. How much did the book value per share (BVPS) of each company and by how much it would increase or decrease after the share repurchase?
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