The balance sheet for Ferguson Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,600 Equity $ 444,600 Fixed assets 400,000 Total $ 444,600 Total $ 444,600 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $13,500 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) New stock price $
The balance sheet for Ferguson Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,600 Equity $ 444,600 Fixed assets 400,000 Total $ 444,600 Total $ 444,600 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $13,500 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) New stock price $
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
Problem 1PS
Related questions
Question
|
The |
| Market Value Balance Sheet | ||||||
| Cash | $ | 44,600 | Equity | $ | 444,600 | |
| Fixed assets | 400,000 | |||||
| Total | $ | 444,600 | Total | $ | 444,600 | |
|
Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $13,500 worth of stock. |
|
How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) |
| Shares outstanding |
|
What will the price per share be after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) |
| New stock price | $ |
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