Kaiser Shipyards Inc. is San Francisco-based ship builder which specializes in Liberty and Victory class cargo ships
The CEO, Henry Kaiser, wants to distribute $1B of cash using an open market stock repurchase. Assume that the company repurchases 11.650% of shares outstanding at a price of $62.725. What is the stock price after the repurchase?
Kaiser Shipyards Inc.
Selected Financial Information
Stock Price $62.725
Cash $1,000M
Market Capitalization $9,408.75M
Shares Outstanding 150M
Debt $0
A) $62.725
B) $63.650
C) $64.878
D) $78.725
E) $81.200
A
You might also like to view...
A household differs from a family in that it consists of all those who occupy a dwelling, whether or not they are related
Indicate whether the statement is true or false
Compared to low-context cultures, high-context cultures tend to take a ________ approach regarding the meaning of business contracts
A) less flexible B) more literal C) more flexible D) more aggressive E) less literal