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Stock repurchases
Beta Industries has net income of $1,700,000, and it has 1,830,000 shares of common stock outstanding. The company's stock currently trades at $61 a share. Beta is considering a plan in which it will use available cash to repurchase 15% of its shares in the open market. The repurchase is expected to have no effect on net income or the company's P/E ratio. What will be its stock price following the stock repurchase? Round your answer to two decimal places.
The following data represent the cost of electricity for the period of July 2008 for a random sample of 50 one-bedroom apartments in a large city.
how do the graduation rates for baylor compare to other us universities? nationally 40 of incoming freshmen will
The quality control department of Widgets Manufacturing needs your help. They can't decide which significance level is appropriate for testing the claim that fewer than 50% of widgets from a production run are defective.
The average speed of greyhound dogs is about 18.8 meters per second. A particular greyhound breeder claims that her dogs are faster than the average greyhound. In a sample of 45 dogs, they ran, on average, 19.2 meters per second with a standard de..
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A random sample of 35m of the firm's accountants has a mean workday of 8.2 hours with a standard deviation of 0.5 hour. At α = 0.01, can you support the CEO's claim?
among women who have the bcrs12 gene 51 of them contract breast or ovarian cancer by the age of 50. imagine an
The running time for videos is normally distributed with mean 390 and standard deviation 148. suppose a sample of 40 videos are selected, what is the probability that the mean running time of the sample exceeds 360 seconds?
a bright idea. a company produces lightbulbs whose life follows the n1500 300 distribution i.e. the lifetimes of
explain the general rationale behind using a z-score for describing how an individual performed on an exam compared to
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