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Author Question: Cripple Creek Distilleries Inc. is an all equity company with 20M shares outstanding. It's stock ... (Read 88 times)

ahriuashd

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on: Apr 25, 2021
Cripple Creek Distilleries Inc. is an all equity company with 20M shares outstanding. It's stock last closed at $20. Cripple Creek has too much cash. The CEO, Levon Helm, wants to distribute the excess cash with an open market stock repurchase. He is contemplating buying back $5M worth of shares at a price of $20. What will the stock price be after completion of the repurchase?
◦ $19.00
◦ $19.25
◦ $19.50
◦ $19.75
◦ $20.00
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by ahriuashd on Apr 25, 2021

1_Step_At_ATime

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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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ahriuashd

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

mcabuhat

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Reply 3 on: Yesterday
:D TYSM

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