Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What fraction of the firm's shares can the firm repurchase for $5.2 million? (Round to two decimal places.) If the share repurchase has no impact

  1. What fraction of the firm's shares can the firm repurchase for $5.2 million? (Round to two decimal places.)
  2. If the share repurchase has no impact on the firm's net income, what will be its earnings per share after the repurchase? $Round to four decimal places.)
image text in transcribed
(Stock repurchases and aaunicgs per stuare) CiroMore, Ine peondes in home medeal assistance to the oderly and earned net income of 552 milion that it plans to use to reparchase shares of the firm's commen stock, which is curterthy seling for $49 a share. CapoMore has 20 milion shares of stock outstanding a. What fraction of the firm's shares can the firm repurchase for $5.2 million? b. If the share repurchase has no impact on the fan's net income, what wil be its eamings per sharo alter the repurchase? a. What triction of the firmis shaces can the firm repuchase for $52 inition? 4. (Aosind to two decimal places) b. If the shave regurchase has no impact on the firmis net income, what wil be its eamngs por share ater the repuchase? (Round to four decimal places.)

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

Step: 3

blur-text-image

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

Forest Management Auditing

Authors: Lucio Brotto

1st Edition

0367605872, 978-0367605872

More Books

Students also viewed these Accounting questions

Question

Draft a proposal for a risk assessment exercise.

Answered: 1 week ago