In-Class Assignment 13 Solutions McGuinness.pdf -...

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McGuinness, Paul B., FINA6067FA, 2020/21 In-Class Assignment 13 (Solutions) Indicate whether each of the following statements is true or false 1. Where a company is forced to cancel stock in issue upon repurchase, a repurchase of 150 million of its $0.50 par value shares in issue, at a market price of $3.00 per share, would result in the company’s issued share capital account balance falling by $75 million and its consolidated reserve balance (in T
2. When a director purchases stock for him/herself in a company that he/she is a
3. Shares purchased on behalf of a director of any HKEX-listed company must
4. Shares repurchased (and cancelled) through company buy-back in Hong Kong have the effect of raising the gearing level of the company subject to the buy- back (where gearing = book value of total debt/book value of total assets).

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