How many shares will remain after the repurchase

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Reference no: EM132038748

1. Zedco and Associates has $3 million in cash from the recent sale of a business unit and a goal of repurchasing stock. Their Po is $30 with Noof 3.2 million. How many shares will remain after the repurchase?

a. 2,900,000

b. 1,900,000

c. 3,100,000

d. 3,000,000

2. If I have $1 million in retirement investments how much can I withdraw per year for the next 30 years and have a 0 balance at the end of year 30 if my expected return is 5.5%

a. $68,805

b. 142,525

c. $82,611

d. $55,000

Reference no: EM132038748

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