A firm has a market value equal to its book value currently, Financial Management

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A firm has a market value equal to its book value currently

A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,000 and other assets of $6,000. Equity is worth $18,000. The firm has 700 shares of stock outstanding and net income of $1,200. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?

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Financial Management: A firm has a market value equal to its book value currently

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Financial Management: A firm has a market value equal to its book value currently

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