Company x has 100 shares outstanding it earns 1000 per year

Assignment Help Finance Basics

Reference no: EM13621159

Company X has 100 shares outstanding. It earns $1,000 per year and announces that it will use all $1,000 to repurchase its shares in the open market instead of paying dividends. Calculate the number of shares outstanding at the end of year 1, after the first share repurchase, if the required rate of return is 10%.

Reference no: EM13621159

Questions Cloud

An average diameter of approximately 6 mm when the corn : a semiautomatic popcorn popper is shown. after the unpopped corn is placed in screen s the fan f blows air past the

How many people should the bureau sample in order to : the bureau of labor statistics reported that the mean amount spent per year by all american citizens on tobacco

A cannon fires a 9 lb projectile with an initial velocity : a cannon fires a 9 lb projectile with an initial velocity of 60 ms at an angle of 15 degrees. assuming that air

A hydraulic punch press is used to punch a slot in a : a hydraulic punch press is used to punch a slot in a 0.70-in.-thick plate. if the plate shears at a stress of 50 ksi

Company x has 100 shares outstanding it earns 1000 per year : company x has 100 shares outstanding. it earns 1000 per year and announces that it will use all 1000 to repurchase its

A uniform 35 kg ladder length 790 m leans against a smooth : a uniform 35 kg ladder length 7.90 m leans against a smooth vertical wall. the base of the ladder is 12 ft from the

The three-bolt connection shown in figure p18 must support : the three-bolt connection shown in figure p1.8 must support an applied load of p 55 kips. if the average shear stress

The manufacture of herbal health tonic is a competitive : the manufacture of herbal health tonic is a competitive industry. the manufacturing facilities have an annual output of

A ball of mass 80 g with a speed of 205 ms strikes a wall : a ball of mass 8.0 g with a speed of 20.5 ms strikes a wall at an angle 21.0o and then rebounds with the same speed and

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages