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How many shares will be repurchased

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Question - EJH Company has a market capitalization of $2.5 billion and 45 million shares outstanding. It plans to distribute $110 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?

Reference no: EM133025491

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