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Author Question: Tarbox Tobacco Inc. is an all equity company with 100M shares outstanding. Tarbox's stock last ... (Read 28 times)

dakota nelson

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on: Apr 25, 2021
Tarbox Tobacco Inc. is an all equity company with 100M shares outstanding. Tarbox's stock last closed at $15. Tarbox has too much cash. The CEO, Walt Raleigh, wants to distribute the excess cash with an open market stock repurchase. He is contemplating buying back $225M worth of shares at a price of $15. Leaf Erickson owns 2 million shares in Tarbox. He purchased his shares before the repurchase for $15. If Leaf does not sell any shares during the repurchase, then what is his proportionate ownership afterwards?
◦ 0.020
◦ 0.022
◦ 0.024
◦ 0.026
◦ 0.028
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Marked as best answer by dakota nelson on Apr 25, 2021

Yixagurpuldink

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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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dakota nelson

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Reply 2 on: Apr 25, 2021
:D TYSM

TheDev123

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

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