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

Question

1 Approved Answer

XYZ, Inc., has just announced the repurchase of $100,000 of its stock. The company has 34,000 shares outstanding and earnings per share of $3.19. The

image text in transcribed
XYZ, Inc., has just announced the repurchase of $100,000 of its stock. The company has 34,000 shares outstanding and earnings per share of $3.19. The company stock is currently selling for $75.44 per share. What is the price- earnings ratio after the repurchase? Multiple Choice 23.65 times 22.08 times 22.73 times

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

The Oxford Handbook Of Credit Derivatives

The Oxford Handbook Of Credit Derivatives

Authors: Alexander Lipton, Andrew Rennie

1st Edition

0199546789, 978-0199546787

More Books

Students also viewed these Finance questions

Question

★★★★★
When the value of a loyal customer (VLC) market segment is high, should these customers be given premium goods and services for premium prices? If the VLC is low, should they be given less service?...

Answered: 1 week ago

Question

★★★★★
Slippy makes re-usable microbe testing pods that are transportable and has planned sales of be $214,000 in February, $277,000 in March, $295,000 in April, and $315,000 in May. The average cost of...

Answered: 1 week ago

Question

★★★★★
=+multiplicity 1). If A + 1, then |A| Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Indicate the information you would extract and some ratios you might calculate from the Comprehensive Annual Financial Report for each of the following major areas. Do not limit your answer to the 10...

Answered: 1 week ago

Question

★★★★★
Please explain and answer A,B,C, and D. Payback comparisons Nova Products has a 6-year maximum acceptable payback period. The firm is considering th purchase of a new machine and must choose between...

Answered: 1 week ago

Question

★★★★★
Save Homework. Chapter Fib homework Score: 0 of 1 pt 1 of 11 (7 complete) HW Score: 27.27%, 3 of 11 pt SF6-3 (similar to) Question Help Hercula Cycles started January with 5 bicycles that cost $48...

Answered: 1 week ago

Question

★★★★★
Dangerous Overseas Assignment Case StudyOn June 2 4 , 1 9 9 8 , Edward Leonard of Creston, British Columbia, a diamond driller workingfor Terramundo Drilling Inc. ( Terramundo ) was kidnapped by...

Answered: 1 week ago

Question

★★★★★
1. Explain the Customer-Supplier Duality in Service Supply Relationships Diagram.

Answered: 1 week ago

Question

★★★★★
Based on the scenario mentioned in the article, there are several recommendations I would give to the stakeholders to restore the preferred situation 1 . Sales Team: Explanation: The sales team...

Answered: 1 week ago

Question

★★★★★
1) Calculate average stress and strain generated in each component of the figure shown below and use ANSYS to evaluate same (CAD model for same is assignment3.sat, uploaded in canvas). Geometry...

Answered: 1 week ago

Question

★★★★★
Fresh Harvest is a new startup by 2 young entrepreneurs who are both passionate about sustainable agriculture and believed that this is viable potential business. Their aim is to address food...

Answered: 1 week ago

Question

★★★★★
1. Which position would you take?

Answered: 1 week ago

Question

★★★★★
4. Is your choice different from that which you would recommend to Laura?

Answered: 1 week ago

Question

★★★★★
3. How does this fit with your preferences, career anchors, and values?

Answered: 1 week ago

Previous Question Next Question