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Author Question: Some investors think that the Rumple Shirt Co.'s repurchase program was a bad deal for shareholders, ... (Read 19 times)

drink

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on: Apr 25, 2021
Some investors think that the Rumple Shirt Co.'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 $30. Over the last quarter, Rumple repurchased 150 million shares (15% of shares outstanding) at an average price of $33 per share. Shares outstanding are now 850M. Calculate the stock price after the repurchase. If you bought 100 shares prior to the repurchase, and sold the same percentage of shares as Rumple repurchased (for the same price they paid), then what is your profit (loss) on the investment? (Assume that you sold the non-repurchased shares at the post-repurchase price.)
◦ -$52.94
◦ -$26.02
◦ $0
◦ $45
◦ $300
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by drink on Apr 25, 2021

Shshxj

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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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drink

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

vickybb89

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

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