Homework Answers
| a. | |||||
| $1,033 is the par value of common shares | |||||
| Calculation is shown below | |||||
| Common stock | No of shares issued*Par value per share | ||||
| Common stock | 103300*0.01 | ||||
| Common stock | $1,033 | ||||
| b. | |||||
| No of shares outstanding | Shares issued - Shares repurchased | ||||
| No of shares outstanding | 103300-35952 | ||||
| No of shares outstanding | 67,348 | ||||
| c. | |||||
| Average price of shares | (Common stock+Paid in capital)/No of shares issued | ||||
| Average price of shares | (1033+407029)/103300 | ||||
| Average price of shares | $3.95 | per share | |||
| d. | |||||
| Average repurchase price | Treasury stock value/No of shares repurchased | ||||
| Average repurchase price | 1532576/35952 | ||||
| Average repurchase price | $42.63 | per share | |||
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