Stock repurchasesbeta industries has net income of 3700000, Ask an Expert

Management Studies

Stock repurchases

Beta Industries has net income of $3,700,000, and it has 1,360,000 shares of common stock outstanding. The company's stock currently trades at $43 a share. Beta is considering a plan in which it will use available cash to repurchase 10% of its shares in the open market. The repurchase is expected to have no effect on net income or the company's P/E ratio. What will be its stock price following the stock repurchase? Round your answer to two decimal places.

$_____________

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91626139

Have any Question?Write your Review or question?

Related Questions in Operation Management

Discussion fallacies and errors in sound reasoningplease

Discussion : "Fallacies and Errors in Sound Reasoning" Please respond to the following: There are several types of fallacies - equivocation, false authority, ad hominem, appeal to ignorance, and bandwagon. Please provide ...

Powerpoint presentation 8-slides 100 words per slide of

PowerPoint Presentation: 8-slides (100 words per slide of speaker notes) In the course scenario, it stated the following: CMA rebounded and continued to manufacture and sell its components to computer manufacturers world ...

Using college students as the market segment describe the

Using college students as the market segment, describe the most relevant reference group(s) and indicate the probable degree of influence on decisions for each of the following: a) Brand of toothpaste: friends, roommates ...

Answer the following question how is the npv rule related

Answer the following Question : How is the NPV rule related to the goal of maximizing shareholder wealth, and under what conditions would you expect the NPV and IRR rules to return the same accept / reject decision? Iden ...

1- the insurance program designed to provide medical

1- The insurance program designed to provide medical treatment and temporary payments to employees who cannot work because of an employment-related injury or illness is: A. Unemployment insurance B. Portability option C. ...

1 in the workplace what are some sources of conflict and

1. In the workplace, what are some sources of conflict and what are some strategies conflict resolution? resolution. 2. What is the role of part-time students in preparing student readiness for career? 3. Is it important ...

1 what are key forces in the general and industry

1. What are key forces in the general and industry environments that affect LVMH's choice of strategy? 2. What is LVMH’s corporate-level strategy? How does their corporate strategy influence the performance of Louis Vuit ...

Complete the strategic plan assignment according to the

Complete the Strategic Plan assignment according to the directions in the Overview section of the "Strategic Plan" resource. Overview (Topic ) Imagine you need to present your initial pitch for your Strategic Initiative ...

Ldquoit is important to design a servicescape with a

“It is important to design a servicescape with a holistic view” Identify two firms from two different service industries where the service environment is a crucial part of the overall value proposition. Analyse each firm ...

1 explain the ability to integrate learning from

1. Explain The ability to integrate learning from International Management into the analysis via cross cultural communication In 500 words without plagarism 2. What are the ability to identify the business issues involve ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert