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Summary Corporate Equity Analyst.docx Corporate Equity Analyst Strayer University FIN550 Corporate Investment Analyst Corporate Equity Analyst Chapter 10, Problem 6(a-d) On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share divi$7.49
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Summary Corporate Equity Analyst.docx Corporate Equity Analyst Strayer University FIN550 Corporate Investment Analyst Corporate Equity Analyst Chapter 10, Problem 6(a-d) On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share divi
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University Of Phoenix UoP
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University Of Phoenix
Corporate Equity A Corporate Equity Analyst Strayer University FIN550 Corporate Investment Analyst Corporate Equity Analyst Chapter 10, Problem 6(a-d) On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share divi-dend to shareholders of record as of Tuesday, June 13. ...
On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share divi-
dend to shareholders of record as of Tuesday, June 13. The dividend will be paid on Wednesday,
June 28.
a. What is the declaration date? Thursday May 18
b. What is the date of record? Tuesday, June 13
c. What is the ex-dividend date? Monday, June 12
d. What is the payment date? Wednesday, June 28
Chapter 10, Problem 7(a-d)
A stock is currently trading for $35. The company has a price–earnings multiple of 10.
There are 100 million shares outstanding. Your model indicates that the stock is actually worth
$45. The company announces that it will use $300 million to repurchase shares. a. After the
repurchase, what is the value of the stock, according to your model? b. After the repurchase,
what is the actual price–earnings multiple of the stock? c. If the company had used the $300
million to pay a cash dividend instead of doing a repurchase, how would the value of the stock
have changed, according to your model? d. If the company had used the $300 million to pay a
cash dividend instead of doing a repurchase, what would be the actual price–earnings multiple
after the dividend?
A) The price of share is $45.94
B) The value of earnings multiple of share is $9.14
C) The value of share when the payment of cash dividend is $42.
D) The value of earnings multiple of share when the payment of dividend is $32.
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