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Author Question: Some investors think that Prestige Entertainment's repurchase program was a bad deal for ... (Read 21 times)

imanialler

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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. Before the repurchase, the company's shares traded for $13.15. Over the last quarter, Prestige repurchased 804.22 million shares (7% of shares outstanding) at an average price of $15.066 per share. Shares outstanding are now 10,684.64M. Calculate the stock price after the repurchase. If you bought 100 shares prior to the repurchase and sold those shares afterwards, then what is your profit (loss) on the investment?
◦ -$15.00
◦ -$14.00
◦ -$13.00
◦ $0.00
◦ $13.01
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by imanialler on Apr 25, 2021

ttt030911

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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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imanialler

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

yeungji

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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