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Author Question: Acme Explosives Inc. is an international producer of creative demolition products. Selected ... (Read 38 times)

jc611

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on: Apr 25, 2021
Acme Explosives Inc. is an international producer of creative demolition products. Selected financial information for Acme is provided in the table below. Acme wants to distribute all of its cash with an open market repurchase. Assume that Acme is able to buy back 1,064,377,778 shares for an average price of $27 per share. What is Acme's stock price after the repurchase?

Selected Financial Information
for Acme Corporation
​Before RepurchaseAfter Repurchase
Cash$28,738.2M$0
Market Capitalization$177,809.7M​
Shares Outstanding6,330M​
Stock Price$28.09​
Debt$0$0

◦ $27.33
◦ $28.09
◦ $28.31
◦ $28.75
◦ $28.33
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by jc611 on Apr 25, 2021

shaquita

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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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jc611

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Reply 2 on: Apr 25, 2021
Excellent

brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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