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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 39 times)

olgavictoria

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on: Apr 25, 2021
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
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by olgavictoria on Apr 25, 2021

Madisongo23

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgavictoria

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

nguyenhoanhat

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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