How many shares will remain after the repurchase

Reference no: EM13265143

A firm has 15 million shares outstanding with a market price of $60 per share. The firm has $33 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. What is the firm's value of operations after the repurchase? Enter your answer in millions.

How many shares will remain after the repurchase? Round your answer to the nearest whole number.

Reference no: EM13265143

Questions Cloud

Describe two major component of a working capital management : Describe the two major components of a working capital management strategy?

Give an example of synchronous data communications standard : Consequently, this form of serial data communication is known as asynchronous. Compare and contrast this against synchronous serial data communication, giving an example of a synchronous data communications standard.

What is the buoyant force on the mass : The SI units of mass density are kg/m3, but there are several other common units. One of the most commonly used units of mass density is gram per cubic centimeter, or g/cc. What is the buoyant force on the mass

Define working capital : Define working capital. What is the difference between working capital and net working capital?

How many shares will remain after the repurchase : How many shares will remain after the repurchase? Round your answer to the nearest whole number.

Why type of electric motor is more popular than dc motor : Stepper motors are often used in low-power servomechanisms such as those found in small robots, computer printers, and other precision electro-mechanical machines. Explain why this type of electric motor is more popular than permanent-magnet DC mo..

How much work did the student do on the textbook : A 5.0 kg textbook is raised a distance of 30 cm as a student prepares to leave for school. How much work did the student do on the textbook

What frequency does the bat hear in the reflected wave : As a bat flies toward a wall at a speed of5.70m/s , What frequency does the bat hear in the reflected wave

What will be its dividend payout ratio : If net income next year is $1.5 million and Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? Round your answer to two decimal places.

User Account

All Pages