Question

Bo's Home Manufacturing has 330,000 shares outstanding that sell for $45.02 per share. The company has...

Bo's Home Manufacturing has 330,000 shares outstanding that sell for $45.02 per share. The company has announced that it will repurchase $53,000 of its stock. What will the share price be after the repurchase? Multiple Choice $44.86 $45.02 $45.18 $39.25 $42.22

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Bo's Home Manufacturing has 360,000 shares outstanding that sell for $45.71 per share. The company has...
Bo's Home Manufacturing has 360,000 shares outstanding that sell for $45.71 per share. The company has announced that it will repurchase $56,000 of its stock. What will the share price be after the repurchase?
Green Thumb Nursery has 45,000 shares outstanding at a market price of $63.41 per share. The...
Green Thumb Nursery has 45,000 shares outstanding at a market price of $63.41 per share. The earnings per share are $3.41. The firm has total assets of $346,000 and total liabilities of $199,000. Today, the firm announced a share repurchase for $101,000 of its stock. What is the earnings per share after the repurchase? Multiple Choice $3.54 $3.66 $3.41 $3.31 $3.60
Green Thumb Nursery has 55,000 shares outstanding at a market price of $63.61 per share. The...
Green Thumb Nursery has 55,000 shares outstanding at a market price of $63.61 per share. The earnings per share are $3.61. The firm has total assets of $366,000 and total liabilities of $209,000. Today, the firm announced a share repurchase for $121,000 of its stock. What is the earnings per share after the repurchase? Multiple Choice $3.87 $3.74 $3.51 $3.61 $3.80
A company at present has 250,000 shares of stock outstanding that sell for $15 per share....
A company at present has 250,000 shares of stock outstanding that sell for $15 per share. Assuming no market imperfection or tax effects exist. if the company has 10% stock dividend announcement? a) Determine the new number of shares outstanding after the dividend announcement? b) what is the new stock price per share after the stock dividend announcement?
A company with a share price of $59 has shares outstanding of 295,000. The company elects...
A company with a share price of $59 has shares outstanding of 295,000. The company elects to distribute $2 million via a share repurchase. After the repurchase, what will be the number of shares outstanding? The answer is 261102.0 but i am not sure how...
portfolio has 100 shares of shares of Stock A that sell for $20 per share and...
portfolio has 100 shares of shares of Stock A that sell for $20 per share and 120 shares of stock B that sell for $30 per share. If the expected returns on Stock A and B are 5% and 10%, respectively, what is the expected return on the portfolio?         Multiple Choice 1.8%                           8.2% 6.8%                 35.7%
A portfolio has 100 shares of shares of Stock A that sell for $20 per share...
A portfolio has 100 shares of shares of Stock A that sell for $20 per share and 120 shares of stock B that sell for $30 per share. If the expected returns on Stock A and B are 5% and 10%, respectively, what is the expected return on the portfolio?         Multiple Choice 1.8%                           8.2% 6.8%                 35.7%
ABC Company currently has 310,000 shares of stock outstanding that sell for $94 per share. Assume...
ABC Company currently has 310,000 shares of stock outstanding that sell for $94 per share. Assume no market imperfections or tax effects exist. Determine the share price AND new number of shares outstanding in each of the following independent situations: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.) a. ABC has a five-for-three stock split. b. ABC has a 11...
The Cincinnati Chili Kitchen has just announced the repurchase of $95,000 of its stock. The company...
The Cincinnati Chili Kitchen has just announced the repurchase of $95,000 of its stock. The company has 33,000 shares outstanding and earnings per share of $3.17. The company stock is currently selling for $75.31 per share. What is the price–earnings ratio after the repurchase?
The Cincinnati Chili Kitchen has just announced the repurchase of $205,000 of its stock. The company...
The Cincinnati Chili Kitchen has just announced the repurchase of $205,000 of its stock. The company has 55,000 shares outstanding and earnings per share of $3.61. The company stock is currently selling for $78.17 per share. What is the price–earnings ratio after the repurchase?(Show work)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT