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?

$167 million
	$87 million
	-$1 million
	$80 million

Bond Market Summary

Company Series# Face Yield Close$ S&P Andrews 11.2S2024 $8,837,000 11.5% 97.27 BBB 11.9S2025 $7,072,000 12.0% 99.28 BBB 11.4S2028 $14,722,000 11.8% 96.53 BBB 12.7S2029 $8,500,000 12.3% 103.19 BBB 12.3S2030 $10,000,000 12.2% 101.13 BBB Baldwin 11.1S2026 $2,364,604 11.7% 95.11 BBB 11.2S2027 $5,849,052 11.8% 95.03 BBB 12.0S2028 $1,297,616 12.2% 98.53 BBB 12.2S2029 $18,624,802 12.3% 99.47 BBB 12.5S2030 $11,413,730 12.4% 101.12 BBB Chester 11.3S2024 $10,417,600 12.4% 91.04 CC 12.5S2025 $14,665,611 13.4% 93.54 CC 12.5S2026 $7,999,360 13.5% 92.69 CC 12.5S2027 $9,474,919 13.6% 91.95 CC 13.4S2028 $14,403,416 14.0% 95.42 CC 13.9S2029 $34,605,238 14.2% 97.56 CC 14.1S2030 $10,222,517 14.3% 98.46 CC Digby 11.2S2024 $8,612,210 12.2% 91.57 CC 12.4S2025 $5,758,930 13.2% 94.18 CC 12.0S2027 $15,724,747 13.2% 91.02 CC 13.0S2028 $17,727,657 13.7% 94.91 CC 13.6S2029 $35,871,718 13.9% 97.54 CC 13.8S2030 $21,480,871 14.0% 98.44 CC

Answer 1

Company	S&P	Face Value Amount(a)	Face Value per bond(b)	Closing price(c)	Amount($) [(a/b)*c]
Andrews
	BBB	$8,837,000	$100	97.27	$8,595,749.9
	BBB	$7,07,2000	$100	99.28	$7,021,081.6
	BBB	$14,722,000	$100	96.53	$14,211,146.6
	BBB	$8,500,000	$100	103.19	$8,771,150
	BBB	$10,000,000	$100	101.13	$10,113,000
Total					$48,712,128.1
Baldwin:
	BBB	$23,64,604	$100	95.11	$22,48,974.864
	BBB	$58,49,052	$100	95.03	$55,58,354.115
	BBB	$12,97,616	$100	98.53	$1278541.044
	BBB	$1,86,24,802	$100	99.47	$1,85,26,090.54
	BBB	$1,14,13,730	$100	101.12	$1,15,41,563.776
Total					$3,91,53,524.339
Chester:
	CC	$10,417,600	$100	91.04	$94,84,183.04
	CC	$14,665,611	$100	93.54	$1,37,18,212.52
	CC	$7,999,360	$100	92.69	$74,14,606.78
	CC	$9,474,919	$100	91.95	$87,12,188.02
	CC	$14,403,416	$100	95.42	$1,37,43,739.54
	CC	$34,605,238	$100	97.56	$3,37,60,870.19
	CC	$10,222,517	$100	98.46	$1,00,65,090.23
Total					$9,68,98,890.32
Digby:
	CC	$8,612,210	$100	91.57	$78,86,200.697
	CC	$5,758,930	$100	94.18	$54,23,760.274
	CC	$15,724,747	$100	91.02	$1,43,12,664.71
	CC	$17,727,657	$100	94.91	$1,68,25,319.25
	CC	$35,871,718	$100	97.54	$3,49,89,273.73
	CC	$21,480,871	$100	98.44	$2,11,45,769.41
Total:					$10,05,82,988.073
		Total Current Value of Shares if bought today -			$28,53,47,530.832
					$285.34753million