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Tangshan Mining Company has released the following information. (a) What are Tangshan Mining's current earnings per share?
(b) What is Tangshan Mining's current P/E ratio?
(c) Tangshan Mining wants to use half of its earnings either to pay shareholders dividends or to repurchase shares for inclusion in the firm's employee stock ownership plan. If the firm pays a cash dividend, what will be the dividend per share received by existing shareholders?
(d) Instead of paying the cash dividend, what if the firm uses half of its earnings to pay $55 per share to repurchase the shares, what will be the firm's new EPS? What should be the firm's new share price?
(e) Compare the impact of a stock dividend and stock repurchase on shareholder wealth.
Cerebellum
A region of the brain that plays an important role in motor control, and it may also be involved in some cognitive functions such as attention and language.
Hippocampus
A region of the brain that is associated with the formation of new memories and is important in the process of transferring short-term memories to long-term storage.
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Nutrient intake and dietary planning that affect the health of a pregnant woman and her unborn baby.
Environment
The surroundings or conditions in which a person, animal, or plant lives or operates, including natural, social, and built factors.
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