How many shares will be repurchased

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EJH Company has a market capitalization of $2.4 billion and 50 million shares outstanding. It plans to distribute $95 million through an open market repurchase. Assuming perfect capital markets:

a. What will be the price per share of EJH right before the repurchase?

b. How many shares will be repurchased?

c. What will be the price per share of EJH right after the repurchase?

(Round to the nearest cent.)

Reference no: EM132036584

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