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If a company has $20 EPS and they buy back 2/3 of their outstanding share $60/per share 60% $30/per share 30x

If a company has $20 EPS and they buy back 2/3 of their outstanding share $60/per share 60% $30/per share 30x

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Hi I need an answer key to the questions below in the images thank you

If a company has $20 EPS and they buy back 2/3 of their outstanding shares, what will be the immediate trailing EPS estimate? $60/per share 60% $30/per share 30x
Transcribed Image Text:If a company has $20 EPS and they buy back 2/3 of their outstanding shares, what will be the immediate trailing EPS estimate? $60/per share 60% $30/per share 30x
Netflix launched their IPO on May 24, 2002. Since then, the company has done two stock splits, the first a 2x1 (2/12/2004) and the second a 7x1 (7/15/2015)?: Historical prices for Netflix show a closing price of $1.21 on May 24, 2002, its first trading date. What was the real closing price that day? $12.65 $16.94 $1.21 $12.10
Transcribed Image Text:Netflix launched their IPO on May 24, 2002. Since then, the company has done two stock splits, the first a 2x1 (2/12/2004) and the second a 7x1 (7/15/2015)?: Historical prices for Netflix show a closing price of $1.21 on May 24, 2002, its first trading date. What was the real closing price that day? $12.65 $16.94 $1.21 $12.10
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Buy back is buying of own shares so after buyback shares reduces.

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