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What will earnings per share be after the treasury stock

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Reference no: EM132547903

MK-company'snet income 2018 was $ 3 million .Of this amount ,40% will be used to purchase treasury stock .Currently , There are 1 million shares outstanding and the market price per share is $9.

Required:

Question a) How many shares can the company buy back through a tender offer of $12 a share?

Question b) What is the current earnings per share?

Question c) What is the current P/E ratio?

Question d) What will earnings per share be after the treasury stock acquisition ?

Question e) What is the expected market price per share assuming the present P/E ratio remains the same?

Reference no: EM132547903

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