关于idle cash, 分子本题求BVPS时减去了闲钱的成本，如果求EPS,是不是用idle cash就不用减去，有道题目没减，这里核实一下。

问题如下：

If Yeta’s management implemented Proposal #2 at the current share price shown in Exhibit 1, Yeta’s book value per share after implementation would be closest to:

选项：

$25.20.

$25.71.

$26.12.

解释：

B is correct. If Yeta implemented Proposal #2, a repurchase of $40 million in shares, the resulting book value per share (BVPS) would be $25.71, calculated as follows:

1. Yeta has a current BVPS of $25.60; therefore, total book value of equity is $2,560 million (= $25.60 × 100,000,000 shares).

2. The number of shares Yeta would repurchase is $40 million/$20.00 per share = 2 million shares.

3. Yeta shareholders’ book value of equity after the buyback would be $2,520 million (= $2,560 million – $40 million).

4. The number of shares after the buyback would be 98 million (= 100 million – 2 million).

5. The BVPS after the buyback would be $2,520 million/98 million = $25.71.

A is incorrect because $25.20 incorrectly uses 100 million shares instead of 98 million shares in calculating BVPS after the buyback: $2,520 million/100 million = $25.20.

C is incorrect because $26.12 incorrectly uses $2,560 million (current book value) instead of $2,520 million as the book value of equity in calculating BVPS after the buyback. The BVPS after the buyback is incorrectly calculated as $2,560 million/98 million = $26.12.