What will the new earnings per share be if the firm uses


A firm has a market value equal to its book value. Currently, the firm has excess cash of $563 and other assets of $5356. Equity is worth $5730. The firm has 469 shares of stock outstanding and net income of $821. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? (Round answer to 2 decimal places, do not round intermediate calculations)

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Financial Management: What will the new earnings per share be if the firm uses
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