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EJH Company has a market capitalization of

$ 2.8
 

billion and

50
 

million shares outstanding. It plans to distribute

$ 120
 
million through an open market repurchase. Assuming perfect capital markets:
a. What will the price per share of EJH be right before the repurchase?
b. How many shares will be repurchased?
c. What will the price per share of EJH be right after the repurchase?
a. What will the price per share of EJH be right before the repurchase?
The price per share of EJH right before the repurchase is
$[removed]nothing
.
(Round to two decimal places.)
b. How many shares will be repurchased?
The number of shares to be repurchased is
[removed]nothing
 
million.  (Round to three decimal places.)
c. What will the price per share of EJH be right after the repurchase?
The price per share of EJH right after the repurchase will be
$[removed]nothing
.

(Round to two decimal places.)

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