How much would it cost for chester corporation to repurchase all its outstanding shares if the price fell by 10%? assume no brok

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2 years ago

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1 answer:

NeX [460] · Answer 1 · 2023-03-26T16:26:17+03:00

The cost for Chester corporation to repurchase all its outstanding shares if the price fell by 10% is $214.1 million.

<h3>How to calculate the cost?</h3>

It should be noted that the market value will be:

= Outstanding shares × Closing price per share

= 1906233 × 112.33

= $214.1 million.

In conclusion, the cost for Chester corporation to repurchase all its outstanding shares if the price fell by 10% is $214.1 million.

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