× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
New Topic  
johnpaech johnpaech
wrote...
Posts: 1098
Rep: 7 0
6 years ago
If Wyatt Oil distributes the $70 million as a share repurchase, then its stock price after the share repurchase will be closest to:
A) $11.00
B) $12.50
C) $14.00
D) $17.50
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 96 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
D
Explanation:  D) current price =   =   = $17.50
Therefore Wyatt Oil will repurchase $70 million/$17.50 = 4 million shares, leaving 20 - 4 = 16 million shares outstanding.
Therefore after the repurchase price =   =   = $17.50
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  861 People Browsing
Related Images
  
 286
  
 814
  
 445
Your Opinion
What's your favorite math subject?
Votes: 315