Question
The shares of Scotiabank trade today for $73. The company is fairly valued at this current price. There are 32 million shares outstanding prior to
The shares of Scotiabank trade today for $73. The company is fairly valued at this current price. There are 32 million shares outstanding prior to the repurchase.
The company has announced that it intends to spend $250 million on a stock repurchase. Assume that the company is able to repurchase shares at a price of $76.00. Assume that the company is all equity financed
questions :
a)What fraction of shares does the company repurchase in percent?
b)What is the share price after the repurchase?
PLEASE ANSWER ASAP!!!!
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
