This should have been a higher priority for the firm

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Unformatted text preview: ns. This should have been a higher priority for the firm than partially retiring debt that is not due for 13 years. The true capability of a firm to pay its dividends can normally be found in the operating activities section of the statement of cash flows and not in the income statement or balance sheet. 2. To determine the number of shares that can be repurchased with $30 million, you first must determine the market price of the stock. Earnings per share ..................................................... Price-earnings ratio.................................................... Stock price............................................
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This note was uploaded on 12/21/2012 for the course FINC 309 taught by Professor Bunker during the Spring '12 term at Westminster UT.

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