Stock repurchasecompany yum has 15 million shares, Ask an Expert

Finance

Stock Repurchase

Company YUM has 15 million shares outstanding with a market price of $20/per share. The Company YUM has $25million in extra cash (short-term investments) that it plans to use in a stock repurchase. Company YUM has no other financial investments or any debt.

A) What is the Company YUM's value of operations after the repurchase? Enter your answer in millions. Round your answer to two decimal places.

B) How many shares will remain after the repurchase? Round your answer to the nearest whole number.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91396638

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