Stock repurchase plan. Southern Railroad has announced a $5,000,000 stock repurchase plan over…

Stock repurchase plan._Southern_Railroad_has_announced_a_$5,000,000_ stock repurchase plan over the_next_month. The_current_price_of Southern_Railroad_stock is_$18.50_per_share, and_15,000,000_shares are outstanding._How many shares is Southern_expecting_to buy? What is the cash_dividend_that the company_could_pay with the repurchase money? If you were_a_shareholder with_600_shares,_how many shares would you need to sell back to get cash_equivalent_to this_dividend?

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