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c. If the $1 million is used to repurchase shares in the market at a price of $61 per stare how many shares wil be acquired (Do not round intermediate calculations and round your answer to the nearest whole share) Nurnber of shares acquired d. What will the new eamings per share b (Use the rounded number of shares computed in partc but do not round any other Intermediate calculations. Round your an, wer to 2 decimal places.) Earnings per share
0-1. If the P/E ratio remains constant, what will the price of the securities be? (Use the rounded answer from port d and round your answer to the nearest whole dollar) Stock price e-2. By how much, in terms of dollars, did the repurchase increase the stock price? (Use the rounded whole dollar answer from part e-1. A negative value should be indicated with a minus sign. Round your answer to the nearest whole dollar) Stock price increase / decrease
f. Has the stockholders' total wealth changed as a result of the stock repurchase as opposed to receiving the cash dividend Yes Ο Νο