How many shares of stock will be outstanding

Reference no: EM131975456

Question: A firm has a market value equal to its book value. Currently, the firm has excess cash of $11,000, other assets of $6, 900, and equity of $8,000. The firm has 800 shares of stock outstanding and net income of $1,000. The firm has decided to spend half of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed?

Reference no: EM131975456

Questions Cloud

Return on net operating assets : If the return on net operating assets (RNOA) is 12%, financial leverage (FLEV) is 2, net borrowing cost (NBC) is 6%, the return on common equity (ROCE) is:

Compute the number of vases and the number of figurines : Algo Multiple-Product Breakeven - Compute the number of vases and the number of figurines that must be sold for the company to break even

Relationship between the unemployment gap : what is the unemployment gap? What is the relationship between the unemployment gap and the output gap?

Which investment opportunities should alpha take : The firm is planning next year's capital budget and projects its net income at $75,000,000 and its payout ratio is 40 percent.

How many shares of stock will be outstanding : A firm has a market value equal to its book value. Currently, the firm has excess cash of $11,000, other assets of $6, 900, and equity of $8,000.

Financial independence planning : Can someone briefly explain what "Financial independence planning" means? I understand that it relates to clients' desire to retire at a certain age.

What is the rate of return on the portfolio : a. What is the rate of return on the portfolio in each scenario?

Calculate the margin of safety in units : Fixed manufacturing cost totals $519,988 per year. Comer expects to sell 206,900 strings of light next year. Calculate the margin of safety in units

Compute the amount of deficiency : Serena Williams Corporation, having recently issued a $20,035,000 15-year bond issue is committed to make annual sinking fund. Compute the amount of deficiency.

User Account

All Pages