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Author Question: Dinder Mufflin is a Pennsylvania-based paper company. Dinder Mufflin is all equity financed. Its ... (Read 54 times)

jazziefee

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on: Apr 25, 2021
Dinder Mufflin is a Pennsylvania-based paper company. Dinder Mufflin is all equity financed. Its shares are trading for $7.67 and it has 433 million shares outstanding. The company has excess cash of $831.36 million that it wants to distribute using a fixed-price tender offer. It has announced that it will pay $9.60 per share and that it seeks to buy back 20% of outstanding shares. What will the stock price be after the repurchase?
◦ $5.2083
◦ $7.1875
◦ $9.5875
◦ $11.9875
◦ $13.1875
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by jazziefee on Apr 25, 2021

sarahccccc

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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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jazziefee

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Reply 2 on: Apr 25, 2021
Excellent

Dnite

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

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