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Author Question: The CEO of Trans World Airlines (TWA), Jack Frye, wants to distribute $1B of cash by issuing a ... (Read 44 times)

olgavictoria

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The CEO of Trans World Airlines (TWA), Jack Frye, wants to distribute $1B of cash by issuing a special dividend. Selected financial information for TWA is provided in the table below. Mr. Frye owns 51% of the common shares of TWA before the extra dividend. What is his total wealth in cash and shares after the special dividend?

Trans World Airlines 
Selected Financial Information
Stock Price$62.725
Cash$1,000M
Market Capitalization$9,408.75M
Shares Outstanding150M
Debt$0

◦ $3,800.3M
◦ $4,058.4M
◦ $4,288.4M
◦ $4,798.5M
◦ $5,900.7M


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Marked as best answer by olgavictoria on Apr 25, 2021

Madisongo23

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olgavictoria

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it


at

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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