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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)
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