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Yellow Corp. is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would...

Question

Yellow Corp. is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would...

Yellow Corp. is evaluating an extra dividend versus a share repurchase. In either case, $5,500 would be spent. Current earnings are $1.16 per share and the stock currently sells for $45 per share. There are 2,300 shares outstanding. Ignore taxes and other imperfections.

NOTE: Fractional shares are possible (Ex. 0.54 shares)

Dividend =   2.39

Shares outstanding = 2300

Stock price = 42.61

After the $2.39 dividend, the price falls to $42.61 per share.

EPS=1.16

P/E Ratio =36.73

If Yellow Corp. goes with the share repurchase, how many shares will they buy? After the repurchase, how many shares will be outstanding and what will the price per share be? Enter your answers rounded to 2 DECIMAL PLACES.

Shares repurchased =  

Shares outstanding =  

Stock price =  

Answers

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASEC w ENG 02:19 01-08-2020 66 34 Х CW695 . CO CP CQ CR CS СТ CU CV CW CX CY CZ [ 1 CURRENT SHARE PRICE = 45 CASE 1 EXTRA DIVIDE


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