Business, 21.01.2020 01:31 thaddom

Gamma industries has net income of $1,600,000, and it has 1,830,000 shares of common stock outstanding. the company's stock currently trades at $75 a share. gamma is considering a plan in which it will use available cash to repurchase 25% of its shares in the open market at the current $75 stock price. the repurchase is expected to have no effect on net income or the company's p/e ratio. what will be its stock price following the stock repurchase? do not round intermediate calculations. round your answer to the nearest cent.

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Gamma industries has net income of $1,600,000, and it has 1,830,000 shares of common stock outstandi...

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