On-Market Buyback Assignment | Homework For You

The Barryman Drilling Company is planning an on-market buyback of $1 million worth of the company’s 500000 shares, which are currently trading at a price of $10. Stan Barryman is the founder of the company and still holds 10000 company shares, which he originally purchased for $8 per share (more than 12 months ago).Homework For You
a) If Stan decides to sell 2000 of his shares for $10 a share, what will be his after-tax proceeds if his personal marginal tax rate is 47%?
b) The Barryman Drilling Company is reconsidering its plan to buy back $1 million of its ordinary shares and instead plans to pay a $1 million fully franked cash dividend, which amounts to $2 per ordinary share. If the company tax rate is 30% and Stan Barryman’s personal marginal tax rate is 47%, what tax liability does this create for him? What will be Stan’s after-tax proceeds from the dividend distribution? Get Finance homework help today

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
SEO
Great job
Customer 463961, May 13th, 2023
Other
Michelle is a great writer! Assignment on time.
Customer 463427, October 1st, 2022
Nursing
poor service
Customer 453627, January 24th, 2020
Business
Great Content!
Customer 463469, October 20th, 2022
Art (Fine arts, Performing arts)
very professional and well done.
Customer 462485, May 9th, 2022
Social Work and Human Services
Thank you for the revision which was done timely and efficiently!
Customer 452703, January 23rd, 2020
SEO
A job well done. Followed the instructions to the letter.
Customer 463679, April 24th, 2023
Management
The quality was well done, however, the timing wasn't up to par.
Customer 454747, June 27th, 2020
Political science
Despite time constraints, the paper is well-structured and visually plenty as required.
Customer 453367, April 5th, 2022
Education
nice
Customer 463813, March 10th, 2023
Math
ALL questions answered.
Customer 453625, April 7th, 2022
Military
Very good job
Customer 456821, May 13th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat