Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Veer's stock price is $7. If Veer had 65 million shares of stock before the recap, how many shares does it have after the recap?
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- Please provide SolutionsHow many shares ?The shares of a company trade today for $37. The company is fairly valued at this current price. There are 39 million shares outstanding prior to the repurchase. The company has announced that it intends to spend $265 million on an open market repurchase. Assume that the company is able to repurchase shares at a price of $39.00. Assume that the company is all-equity financed. What fraction of shares does the company repurchase? What is the share price after the repurchase?
- Company B has a net incme $2million and has 1 million shares. the company is considering a plan to repurchased 20% of its shares in open market. share price is trading at $32 per share. Currently the repurchased is expected to have no effect on its net income and PE ratio. what will be the stock pricefollowing the stock repurchased?Payday Inc.wants to issue $2 million of debt @ 5% to either issue a dividend or complete a share repurchase. The stock is currently trading at $25 per share and there are 500,000 shares outstanding. The tax rate is 20%. What would be the new share price if Payday Inc. used the debt to complete a buyback? What would be the new share price if Payday Inc. issued a dividend? What would be the new shares outstanding if Payday Inc. repurchased shares? What would be the new shares oustanding if Paycheck Inc. issued a dividend?The Dunn Corporation is planning to pay dividends of $540000. There are 270000 shares outstanding, and earnings per share are $4. The stock should sell for $48 after the ex-dividend date. If, instead of paying a dividend, the firm decides to repurchase stock,a. What should be the repurchase price? b. How many shares should be repurchased? c. What if the repurchase price is set below or above your suggested price in part a? d. If you own 100 shares, would you prefer that the company pay the dividend or repurchase stock? a. 3/10, net 45 b. 3/15 net 30 c. 3/15 net 60 d.2/10 net 45
- Whitewall Tire Co. just paid an annual dividend of $1.60 on its common shares. If Whitewall is expected to increase its annual dividend by 2% per year into the foreseeable future and the current price of whitewall's common shares is $11.66, what is the cost of common stock for vwhitwall?Sunland Tire Co. just paid an annual dividend of $1.20 on its common shares. If Sunland is expected to increase its annual dividend by 4.10 percent per year into the foreseeable future and the current price of Sunland's common shares is $18.32, what is the cost of common stock for Sunland? (Round intermediate calculations to 4 decimal places, e.g. 0.1555 and final answer to 2 decimal places, e.g. 15.25%.) Cost of common stock Touthook and Modia %Blue Corp. is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would be spent. Current earnings are $1.11 per share and the stock currently sells for $42 per share. There are 2,500 shares outstanding. Ignore taxes and other imperfections. If Blue Corp. pays a dividend, what will be the dividend per share? After the dividend is paid, how many shares will be outstanding and what will the price per share be? Enter your answers rounded to 2 DECIMAL PLACES. NOTE: Fractional shares are possible (Ex. 0.49 shares) Dividend 2.2 ☑ Correct response: 2.2±0.01 Shares outstanding = 2500 Correct response: 2,500 Stock price = 39.8 Correct response: 39.8±0.01 Click "Verify" to proceed to the next part of the question. After the $2.2 dividend, the price falls to $39.8 per share. What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES. EPS = Number P/E RatioNumber Click "Verify" to proceed to the next part of the…