The firm has no other financial investments or any debt

Assignment Help Financial Management

Reference no: EM13868308

Either Enterprise has 14 million shares outstanding with a market price of 20 per share. The firm has $23 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. How many shares, in millions, will remain after the repurchase?

Reference no: EM13868308

Questions Cloud

Retirement saving annually until death : A Person plans to retire today and expects to begin living off their retirement savings beginning one year from now and continuing until death. Identify and explain key variables that will influence the amount of income that can be taken from retirem..

Maximizing shareholder returns usually implies : Maximizing shareholder returns usually implies that the firm must also satisfy customers, employees, suppliers, creditors and other stakeholders. First, rank stakeholders as to expected risk and return and then rank stakeholders as to their importanc..

What is the amount of the monthly payments : A commercial bank will loan you $49,514 for 5 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 17.41 percent of the unpaid balance. What is the amount of the monthl..

What is its percentage forecasted dividend payout ratio : Grandin Inc. is evaluating its dividend policy. It has a capital budget of $602,000, and it wants to maintain a target capital structure of 60% debt and 40% equity. The company forecasts a net income of $447,000. If it follows the residual dividend p..

The firm has no other financial investments or any debt : Either Enterprise has 14 million shares outstanding with a market price of 20 per share. The firm has $23 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 de..

What is the present value of the annuity : What is the present value of the following annuity? $1,021 every half year at the beginning of the period for the next six years, discounted back to the present at 8.93 percent per year, compounded semi annually?

What was the average annual growth rate of salary : 12 years ago, Maria's annual salary was $36,892. Today, she earns $85,736. What was the average annual growth rate of Maria's salary? Round the answer to two decimal places in pecentage form. Show work please.

Salary increases at an average annual rate : Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.28 percent, how long will it take to reach your goal.

Accumulated some money for your retirement : You have accumulated some money for your retirement. You are going to withdraw $63,260 every year at the end of the year for the next 19 years. How much money have you accumulated for your retirement? Your account pays you 19.83 percent per year, com..

User Account

All Pages