- This topic has 1 reply, 2 voices, and was last updated 9 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi,
Could you please explain the R/E amount $17.5?
Where is the $2.80 coming from?Thanks in advance.
The current share price is $3.20 so they will have to buy back the shares at $3.20 per share.
The nominal value per share is $0.40, so for every share the buy back they will reduce share capital by $0.40 and retained earnings by $2.80.
(In future please ask in the Ask the Tutor Forum if you want me to answer)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.