A stock is currently trading for $35. The company has a price–earnings multiple of 10. There are 100 million shares outs

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A stock is currently trading for $35. The company has a
price–earnings multiple of 10. There are 100 million shares
outstanding. Your model indicates that the stock is actually worth
$45. The company announces that it will use $300 million to
repurchase shares.
After the repurchase, what is the value of the stock, according
to your model? Do not round intermediate calculations. Round your
answer to the nearest cent.
$
After the repurchase, what is the actual price–earnings multiple
of the stock? Do not round intermediate calculations. Round your
answer to two decimal places.
If the company had used the $300 million to pay a cash dividend
instead of doing a repurchase, how would the value of the stock
have changed, according to your model? Do not round intermediate
calculations. Round your answer to the nearest cent.
The market value of the stock is now $ .
If the company had used the $300 million to pay a cash dividend
instead of doing a repurchase, what would be the actual
price–earnings multiple after the dividend? Do not round
intermediate calculations. Round your answer to two decimal
places.