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Title: If Wyatt Oil distributes the $70 million as a share repurchase, then the number of shares ...
Post by: johnpaech on Nov 20, 2017
If Wyatt Oil distributes the $70 million as a share repurchase, then the number of shares outstanding after the repurchase will be closest to:
A) 16.0 million
B) 16.5 million
C) 17.5 million
D) 18.0 million


Title: Re: If Wyatt Oil distributes the $70 million as a share repurchase, then the number of shares ...
Post by: deusmaroto on Nov 20, 2017
A
Explanation:  A) current price =   =   = $17.50
Therefore Wyatt Oil will repurchase $70 million/$17.50 = 4 million shares, leaving 20 - 4 = 16 million shares outstanding


Title: Re: If Wyatt Oil distributes the $70 million as a share repurchase, then the number of shares ...
Post by: johnpaech on Aug 1, 2018
Really appreciate the help