Santa Fe Railway transports industrial products and supplies throughout the Western United States. Selected financial information for Santa Fe is provided in the table below
The CFO of Santa Fe, Richard Pennybags, wants to distribute $1B of cash using an open market stock repurchase. If the shares are bought back at the pre-repurchase price, then what proportion of shares will be repurchased?
Santa Fe Railway
Selected Financial Information
Stock Price $62.725
Cash $1,000M
Market Capitalization $9,408.75M
Shares Outstanding 150M
Debt $0
A) 5.63%
B) 7.47%
C) 8.48%
D) 10.63%
E) 11.83%
D
Business
You might also like to view...
Which of the following tests assess how well a person can learn or acquire skills and abilities?
A. Personality inventories tests B. Work sample tests C. Achievement tests D. Aptitude tests E. Physical ability tests
Business
Validation relates to building the right model
Indicate whether the statement is true or false
Business