Complete a-e2 please and thank you The Cartton Corporation has $4 million in eamings after taxes and 1 million shares outstanding. The stock trades at a P/E of 10. The firmbax $1 million in excess cash.a. Compute the current price of the stock. (Do not round Intermediate calculations and round your answer to 2 decimal places.)b. If the $1 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations andround your answer to 2 decimal places.)c. If the $1 million is used to repurchase shares in the market at a price of $41 per share, how many shares will be acquired? (Do notround intermediate calculations and round your answer to the nearest whole share.)Mumber of shares acquiredsharesd. What will the new earnings per share be? (Use the rounded number of shares computed in part c but do not round any otherintermediate calculations. Round your answer to 2 decimal places.)e-1. If the P/E ratio remains constant, what will the price of the securities be? (Use the rounded answer from part d and round youranswer to the nearest whole dollar.)Stock pricee-2. By how much, in terms of dollars, did the repurchase increase the stock price? (Use the rounded whole dollar answer from partSellwithring Bound your norwer the nearest whole dollar) The Cartton Corporation has $4 million in eamings after taxes and 1 million shares outstanding. The stock trades at a P/E of 10. The firmbax $1 million in excess cash.a. Compute the current price of the stock. (Do not round Intermediate calculations and round your answer to 2 decimal places.)b. If the $1 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations andround your answer to 2 decimal places.)c. If the $1 million is used to repurchase shares in the market at a price of $41 per share, how many shares will be acquired? (Do notround intermediate calculations and round your answer to the nearest whole share.)Mumber of shares acquiredsharesd. What will the new earnings per share be? (Use the rounded number of shares computed in part c but do not round any otherintermediate calculations. Round your answer to 2 decimal places.)e-1. If the P/E ratio remains constant, what will the price of the securities be? (Use the rounded answer from part d and round youranswer to the nearest whole dollar.)Stock pricee-2. By how much, in terms of dollars, did the repurchase increase the stock price? (Use the rounded whole dollar answer from partSellwithring Bound your norwer the nearest whole dollar)

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The Cartton Corporation has $4 million in eamings after taxes and 1 million shares outstanding. The stock trades at a P/E of 10. The firm has $1 million in excess cash. a. Compute the current price of the stock. (Do not round Intermediate calculations and round your answer to 2 decimal places.) Current price b. If the $1 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividenda per share c. If the $1 million is used to repurchase shares in the market at a price of $41 per share, how many shares will be acquired? (Do not round intermediate calculations and round your answer to the nearest whole share.) Number of shares acquired shares

The Cartton Corporation has $4 million in eamings after taxes and 1 million shares outstanding. The stock trades at a P/E of 10. The firm has $1 million in excess cash. a. Compute the current price of the stock. (Do not round Intermediate calculations and round your answer to 2 decimal places.) Current price b. If the $1 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividenda per share c. If the $1 million is used to repurchase shares in the market at a price of $41 per share, how many shares will be acquired? (Do not round intermediate calculations and round your answer to the nearest whole share.) Number of shares acquired shares

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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Blackboard Learn Bb 2193555 + i learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193555?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=9lhjClppXf7wSeUqx.. E * O w WordCounter - Cou... y! Yahoo A Regions Bank | Che.. Welcome, Justin – B. * eBooks, Textbooks... O Jefferson State Co... Electronics, Cars, Fa. C Home | Chegg.com 2193555 1 / 1 100% + | PR 14-4B Entries for bonds payable and installment note transactions The following transactions were completed by Montague Inc., whose fiscal year is the calendar year: оВJ. 3, 4 V 3. $61,644,484 Year 1 Еxcel July 1. Issued $55,000,000 of 10-year, 9% callable bonds dated July 1, Year 1, at a market (effective) rate of 7%, receiving cash of $62,817,040. Interest is payable semiannually on December 31 and June 30. General Ledger Oct. 1. Borrowed $450,000 by issuing a six-year, 8% installment note to Intexicon Bank. The note requires annual payments of $97,342, with the first payment occurring on…
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