What Will the share price ?? Bo's Home Manufacturing has 260,000 shares outstandingthat sell for $43.41 per share. The company has announcedthat it will repurchase $46,000 of its stock.What will the share price be after the repurchase?a. $43.59b. $37.83c. $43.41d. $40.71e. $43.23

Step 1: To calculate the share price after the repurchase, we need to follow these steps:Determine…

Answered: Bo's Home Manufacturing has 260,000…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

Problem 2STP

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Bo's Home Manufacturing has 260,000 shares outstanding that sell for $43.41 per share. The company has announced that it will repurchase $46,000 of its stock. What will the share price be after the repurchase? a. $43.59 b. $37.83 c. $43.41 d. $40.71 e. $43.23