Question

If Chester Corp. were to buy all of it's shares outstanding at its current price, how much would it cost Chester Corp, excluding brokerage fees?

Stocks & Bonds Round: 2 December 31 , 2021

Stock Market Summary

Company Close Change Shares MarketCap ($M) Book Value Per Share EPS Dividend Yield P/E Andrews $56.82 ($11.12) 2,938,394 $167 $40.69 $3.49 $6.50 11.4% 16.3 Baldwin $84.03 $20.12 1,914,509 $161 $38.55 $9.83 $0.00 0.0% 8.6 Chester $28.16 ($12.73) 2,978,371 $84 $25.54 ($0.82) $0.00 0.0% -34.3 Digby $37.66 ($9.11) 2,622,640 $99 $31.10 $0.68 $0.00 0.0% 55.2

Select: 1

	$91 million
	$93 million
	$183 million
	$3 million

Answer 1

Answer is 2978371 x $28.16 =

83870927.36

i.e. 83.87 millions

But there is no option for this answer