Answered You can hire a professional tutor to get the answer.
timon's has a market value equal to its book value, excess cash of $528, other assets of $13,900, and equity of $9,900. The firm has 600 shares of...
timon's has a market value equal to its book value, excess cash of $528, other assets of $13,900, and equity of $9,900. The firm has 600 shares of stock outstanding and net income of $1,450. Assume the firm uses all of its excess cash for a stock repurchase. What will the price per share be after the repurchase?