Consider the following share repurchase proposal: Blaine will use $209 million of cash (and marketable securities) from its balance sheet and $50 million in new interest-bearing debt at the rate of 5.88% to repurchase 14.0 million shares at a price of $18.50 per share. a. Restate the income statement and balance sheet for 2006 showing the effect of adding debt. b. Consider the impact on, among other things, Blaine’s earnings per share, ROE, interest coverage (TIE), and debt ratio. How will these change, and are these changes positive for the shareholders? c. How does Blaine compare to competitors after the repurchase? d. As a member of Blaine’s controlling family, would you be in favor of this proposal? Would you be in favor of it as a non-family shareholder?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit