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Author Question: Some investors think that Prestige Entertainment's repurchase program was a bad deal for ... (Read 36 times)

rmenurse

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on: Apr 25, 2021
Some investors think that Prestige Entertainment's repurchase program was a bad deal for shareholders, because the company paid too much for its repurchased shares. Over the last quarter, Prestige repurchased 717.16 million shares at an average price of $17.35 per share. Shares outstanding are now 11,235.51M and the stock price is $12.01, which analysts regard as its fair value. What price was Prestige trading for before the repurchase?
◦ $11.28
◦ $12.01
◦ $12.33
◦ $13.06
◦ $14.03
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by rmenurse on Apr 25, 2021

jgranad15

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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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rmenurse

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

dantucker

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Reply 3 on: Yesterday
Gracias!

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