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Quaker State Wings has 285,000 shares outstanding and net income of $945,000. The company stock is...
Quaker State Wings has 310,000 shares outstanding and net income of $970,000. The company stock is...
Quaker State Wings has 310,000 shares outstanding and net income of $970,000. The company stock is currently selling for $65.23 per share. If the company repurchases $632.000 of its stock, what is the earnings per share after the repurchase? Multiple Choice 46, $3.39 $3.33 $313 $3.23 We were unable to transcribe this image
Quaker State Wings has 220,000 shares outstanding and net income of $880,000. The company stock is...
Quaker State Wings has 220,000 shares outstanding and net income of $880,000. The company stock is currently selling for $85.57 per share. If the company repurchases $614,000 of its stock, what is the earnings per share after the repurchase?
Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company...
Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company has no preferred stock. The company's earnings per share is: Multiple Choice $5.00 $3.71. $3.59 $1.39. $3.65 Authorized shares 28,000 Issued shares 23,000 7,500 Treasury shares The number of outstanding shares is: Multiple Choice 28,000. 35,500 23,000. 20,500. Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 24,000 shares authorized 11,400 shares issued, and 9,600 shares of...
Stock Repurchases – Beta Industries has net income of $2,000,000, and it has 1,000,000 shares of...
Stock Repurchases – Beta Industries has net income of $2,000,000, and it has 1,000,000 shares of common stock outstanding. The company’s stock currently trades at $32 a share. Beta is considering a plan in which it will use available cash to repurchase 20% of its shares in the open market. The repurchase is expected to have no effect on new income or the company’s P/E ratio. What will be Beta’s stock price following the stock repurchase?
STOCK REPURCHASES Gamma Industries has net income of $1,400,000, and it has 925,000 shares of common...
STOCK REPURCHASES Gamma Industries has net income of $1,400,000, and it has 925,000 shares of common stock outstanding. The company's stock currently trades at $50 a share. Gamma is considering a plan in which it will use available cash to repurchase 20% of its shares in the open market at the current $50 stock price. 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...
STOCK REPURCHASES Gamma Industries has net income of $3,200,000, and it has 1,320,000 shares of common...
STOCK REPURCHASES Gamma Industries has net income of $3,200,000, and it has 1,320,000 shares of common stock outstanding. The company's stock currently trades at $31 a share. Gamma is considering a plan in which it will use available cash to repurchase 10% of its shares in the open market at the current $31 stock price. 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...
1. Mayan Company had net income of $34,830. The weighted-average common shares outstanding were 8,600. The...
1. Mayan Company had net income of $34,830. The weighted-average common shares outstanding were 8,600. The company has no preferred stock. The company's earnings per share is: Multiple Choice $4.11. $3.99. $5.00. $1.17. $4.05. 2. A company has net income of $875,000; its weighted-average common shares outstanding are 175,000. Its dividend per share is $1.20, its market price per share is $103, and its book value per share is $98.50. Its price-earnings ratio equals: Multiple Choice 4.50. 20.60. 19.70. 3.30....
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock...
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred share are selling for $29.00 per share, and the bonds are selling for 108.90 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC? Multiple Choice Ο 33.33% Ο 61.61% Ο 66.52% Ο 66.67% Town Crier has 6.3 million...
Titan Mining Corporation has 7.7 million shares of common stock outstanding, 285,000 shares of 4.4 percent...
Titan Mining Corporation has 7.7 million shares of common stock outstanding, 285,000 shares of 4.4 percent preferred stock outstanding, and 170,000 bonds with a semiannual coupon rate of 6.1 percent outstanding, par value $2,000 each. The common stock currently sells for $60 per share and has a beta of 1.20, the preferred stock has a par value of $100 and currently sells for $96 per share, and the bonds have 15 years to maturity and sell for 104 percent of...
Gamma Industries has net income of $500,000, and it has 1,305,000 shares of common stock outstanding....
Gamma Industries has net income of $500,000, and it has 1,305,000 shares of common stock outstanding. The company's stock currently trades at $39 a share. Gamma is considering a plan in which it will use available cash to repurchase 20% of its shares in the open market at the current $39 stock price. 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? Do...
Quaker State Wings has 310,000 shares outstanding and net income of $970,000. The company stock is currently selling for $65.23 per share. If the company repurchases $632.000 of its stock, what is the earnings per share after the repurchase? Multiple Choice 46, $3.39 $3.33 $313 $3.23 We were unable to transcribe this image
Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company has no preferred stock. The company's earnings per share is: Multiple Choice $5.00 $3.71. $3.59 $1.39. $3.65 Authorized shares 28,000 Issued shares 23,000 7,500 Treasury shares The number of outstanding shares is: Multiple Choice 28,000. 35,500 23,000. 20,500. Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 24,000 shares authorized 11,400 shares issued, and 9,600 shares of...
STOCK REPURCHASES Gamma Industries has net income of $1,400,000, and it has 925,000 shares of common stock outstanding. The company's stock currently trades at $50 a share. Gamma is considering a plan in which it will use available cash to repurchase 20% of its shares in the open market at the current $50 stock price. 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...
STOCK REPURCHASES Gamma Industries has net income of $3,200,000, and it has 1,320,000 shares of common stock outstanding. The company's stock currently trades at $31 a share. Gamma is considering a plan in which it will use available cash to repurchase 10% of its shares in the open market at the current $31 stock price. 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...
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred share are selling for $29.00 per share, and the bonds are selling for 108.90 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC? Multiple Choice Ο 33.33% Ο 61.61% Ο 66.52% Ο 66.67% Town Crier has 6.3 million...
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