What is amcs share price after the repurchase if its


AMC Corporation currently has an enterprise value of $380 million and $130 million in excess cash. The firm has 30 million shares outstanding and no debt. Suppose AMC uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMC’s enterprise value to either $580 million or $180 million.

Question:

Suppose AMC waits until after the news comes out to do the share repurchase. What is AMC’s share price after the repurchase if its enterprise value goes up?

What is AMC’s share price after the repurchase if its enterprise value declines?

PLEASE ROUND ANSWER TO TWO DECIMAL PLACES ONLY

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Financial Management: What is amcs share price after the repurchase if its
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