{"id":15770,"date":"2021-05-27T21:07:12","date_gmt":"2021-05-27T21:07:12","guid":{"rendered":"https:\/\/analystprep.com\/study-notes\/?p=15770"},"modified":"2026-07-02T12:29:38","modified_gmt":"2026-07-02T12:29:38","slug":"effect-of-share-repurchase-on-book-value-per-share","status":"publish","type":"post","link":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/","title":{"rendered":"Effect of Share Repurchase on Book Value Per Share"},"content":{"rendered":"<script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"https:\/\/schema.org\",\r\n  \"@type\": \"QAPage\",\r\n  \"mainEntity\": {\r\n    \"@type\": \"Question\",\r\n    \"name\": \"What happens to Apex Ltd.'s book value per share after the share buyback?\",\r\n    \"text\": \"Apex Ltd. has a total of 30 million outstanding shares. The company decides to buy back 3 million shares at a market price of $13.33. At the time of the repurchase, the book value of equity is $400 million. As a result of the buyback, the company\u2019s book value per share will most likely: 1. Increase. 2. Remain unchanged. 3. Decrease.\",\r\n    \"answerCount\": 1,\r\n    \"acceptedAnswer\": {\r\n      \"@type\": \"Answer\",\r\n      \"text\": \"The correct answer is C. Before the buyback, the book value per share is $400 million divided by 30 million shares, or $13.33 per share. The repurchase of 3 million shares at $13.33 per share reduces equity by $39.99 million to $360.01 million and reduces shares outstanding to 27 million, resulting in a book value per share of $360.01 million divided by 27 million shares, or $13.33 per share.\"\r\n    }\r\n  }\r\n}\r\n<\/script>\r\n\r\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/hn2pw6Mx4OQ\" width=\"611\" height=\"343\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\r\n\r\n<p>When the market price per share is greater than its book value, the book value per share will reduce after share repurchases. The book value per share will increase after repurchases when the market price per share is less than the book value per share. Let us illustrate this using an example.<\/p>\r\n<div style=\"margin: 18px 0;\">\r\n  <a style=\"display: block; text-align: center; padding: 14px 18px; border: 2px solid #2F5BFF; border-radius: 18px; color: #ffffff; font-weight: 600; font-size: 16px; text-decoration: none; background-color: #1a73e8;\" href=\"https:\/\/analystprep.com\/free-trial\/\" target=\"_blank\" rel=\"noopener noreferrer\">\r\n    Practice CFA Level 2 share repurchase and book value concepts with AnalystPrep\u2019s Free Trial.\r\n  <\/a>\r\n<\/div>\r\n\r\n<h4>Example: The Effect of Share Repurchases on the Book Value per Share<\/h4>\r\n<p>$$\\small{\\begin{array}{l|c|c} {}&amp; \\textbf{Delta} &amp; \\textbf{Omega}\\\\ \\hline\\text{Market Price per share} &amp; \\$30 &amp; \\$30 \\\\ \\hline\\text{Outstanding shares} &amp; \\text{12 million} &amp; \\text{12 million}\\\\ \\hline\\text{Book value of equity} &amp; \\$400\\ \\text{million} &amp; \\$300\\ \\text{million}\\\\ \\hline\\text{Amount of buyback} &amp; \\$6\\ \\text{million} &amp; \\$6\\ \\text{million}\\\\ \\hline\\text{Book value per share}^{1} &amp; \\$33.33 &amp; \\$25\\\\ \\hline\\text{Equity at book value after share buyback}^{2} &amp; \\$394\\ \\text{million} &amp; \\$294\\ \\text{million}\\\\ \\hline\\text{Book value per share after share buyback}^{3} &amp; \\$33.38 &amp; \\$24.91\\\\\u00a0 \\end{array}}$$<\/p>\r\n<p>\\(\\textbf{Book value per share}^{1}\\) is calculated as follows:<\/p>\r\n<p>For Delta, \\(=\\frac{\\text{Book value of equity}}{\\text{Outstanding shares}}=\\frac{$400\\ \\text{million}}{12\\ \\text{million}}=$33.33\\)<\/p>\r\n<p>For Omega, \\(=\\frac{\\text{Book value of equity}}{\\text{outstanding shares}}=\\frac{$300\\ \\text{million}}{12\\ \\text{million}}=$25\\)<\/p>\r\n<p>\\(\\textbf{Equity at book value after share buyback}^{2}\\) is calculated as follows:<\/p>\r\n<p>$$\\begin{align*}\\text{For Delta}&amp;=\\text{Equity at book value}\u2013\\text{Amount of buyback}\\\\&amp;=$400\\ \\text{million}-$6\\ \\text{million}\\\\&amp;=$394\\ \\text{million}\\end{align*}$$<\/p>\r\n<p>$$\\begin{align*}\\text{For Omega}&amp;=\\text{Equity at book value}-\\text{Amount of buyback}\\\\&amp;=$300\\ \\text{million}-$6\\ \\text{million}\\\\&amp;=$294\\ \\text{million}\\end{align*}$$<\/p>\r\n<p>\\(\\textbf{Book value per share after share buyback}^{3}\\) is calculated as follows:<\/p>\r\n<p>\\($6\\ \\text{million worth of shares to be repurchased} = 200,000\\ \\text{shares}= (\\frac{$6\\ \\text{million}}{$30})\\)<\/p>\r\n<p>We will be left with 11.8 million = (12 million \u2013 0.2 million).<\/p>\r\n<p>For Delta, book value per share after the the buyback:<\/p>\r\n<p>$$\\frac{\\text{Book value of equity}}{\\text{outstanding shares}}=\\frac{$394\\ \\text{million}}{11.8\\ \\text{million}}=$33.38$$<\/p>\r\n<p>For Omega, book value per share after the buyback:<\/p>\r\n<p>$$\\frac{\\text{Book value of equity}}{\\text{outstanding shares}}=\\frac{$294\\ \\text{million}}{11.8\\ \\text{million}}=$24.91$$<\/p>\r\n<p>As we can see, when the market price is greater than the book value per share, the book value per share will increase, as is the case with Delta.<\/p>\r\n<blockquote>\r\n<h2>Question<\/h2>\r\n<p>Apex Ltd. has a total of 30 million outstanding shares. The company decides to buy back 3 million shares at a market price of $13.33. At the time of the repurchase, the book value of equity is $400 million.<\/p>\r\n<p>As a result of the buyback, the company&#8217;s book value per share will <em>most likely<\/em>:<\/p>\r\n<ol style=\"list-style-type: upper-alpha;\">\r\n\t<li>Increase.<\/li>\r\n\t<li>Remain unchanged.<\/li>\r\n\t<li>Decrease.<\/li>\r\n<\/ol>\r\n<h4>Solution<\/h4>\r\n<p><strong>The correct answer is C.<\/strong><\/p>\r\n<p>The company&#8217;s book value per share before buyback of shares is:<\/p>\r\n<p>$$\\text{BVPS}_{\\text{Before}}=\\frac{$400\\ \\text{million}}{30\\ \\text{million shares}}=$13.33 \/ \\text{share}$$<\/p>\r\n<p>$$\\text{Value of repurchased shares in dollar amount}=3\\ \\text{million shares}\\times$13.33 \/ \\text{share}=$39,990,000$$<\/p>\r\n<p>The book value of equity will be reduced to $360.01 million ($400 million &#8211; $39.99 million), and the number of shares will be reduced to 27 million.<\/p>\r\n<p>The company\u2019s book value per share after the share repurchase is:<\/p>\r\n<p>$$\\frac{$360,010,000}{27,000,000 \\text{ shares}}=$13.33 \/ \\text{share}$$<\/p>\r\n<p><strong>A is incorrect. <\/strong>The book value per share will increase after repurchases when the market price per share is less than the book value per share.<\/p>\r\n<p><strong>B is incorrect. <\/strong>The book value per share will remain the same after repurchases when the market price per share is equal to the book value per share.<\/p>\r\n<\/blockquote>\r\n<p>Reading 18:\u00a0 Analysis of Dividends and Repurchases\u00a0<\/p>\r\n<p><em>LOS 18 (j) Calculate the effect of a share repurchase on book value per share.<\/em><\/p>\r\n<div style=\"text-align: center; margin: 30px 0;\">\r\n  <a style=\"display: inline-flex; align-items: center; justify-content: center; padding: 12px 26px; border-radius: 9999px; background: #1e5bd8; color: #ffffff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/analystprep.com\/free-trial\/\" target=\"_blank\" rel=\"noopener noreferrer\">\r\n    Start Free Trial \u2192\r\n  <\/a>\r\n  <p style=\"margin-top: 12px; font-size: 16px; line-height: 1.5;\">\r\n    Access CFA Level 2 study notes, practice questions, mock exams, and video lessons to strengthen your understanding of share repurchases, book value per share, and corporate finance applications.\r\n  <\/p>\r\n<\/div>\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>When the market price per share is greater than its book value, the book value per share will reduce after share repurchases. The book value per share will increase after repurchases when the market price per share is less than&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102,346],"tags":[216,344,378,368],"class_list":["post-15770","post","type-post","status-publish","format-standard","hentry","category-cfa-level-2","category-corporate-finance-cfa-level-2","tag-cfa-level-2","tag-corporate-finance","tag-effect-of-share-repurchase-on-book-value-per-share","tag-reading-21analysis-of-dividends-and-share-repurchases","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Effect of Share Repurchase on Book Value | CFA Level II<\/title>\n<meta name=\"description\" content=\"Explains how share repurchases affect book value per share, including outcomes when market price differs from book value and impacts on equity accounts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effect of Share Repurchase on Book Value | CFA Level II\" \/>\n<meta property=\"og:description\" content=\"Explains how share repurchases affect book value per share, including outcomes when market price differs from book value and impacts on equity accounts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"CFA, FRM, and Actuarial Exams Study Notes\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-27T21:07:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-02T12:29:38+00:00\" \/>\n<meta name=\"author\" content=\"Irene R\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Irene R\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/\"},\"author\":{\"name\":\"Irene R\",\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/#\\\/schema\\\/person\\\/7002f30d8f174958802c1c30b167eaf5\"},\"headline\":\"Effect of Share Repurchase on Book Value Per Share\",\"datePublished\":\"2021-05-27T21:07:12+00:00\",\"dateModified\":\"2026-07-02T12:29:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/\"},\"wordCount\":635,\"keywords\":[\"CFA-level-2\",\"Corporate Finance\",\"Effect of Share Repurchase on Book Value Per Share\",\"Reading 21Analysis of dividends and Share Repurchases\"],\"articleSection\":[\"CFA Level II Study Notes\",\"Corporate Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/\",\"url\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/\",\"name\":\"Effect of Share Repurchase on Book Value | CFA Level II\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/#website\"},\"datePublished\":\"2021-05-27T21:07:12+00:00\",\"dateModified\":\"2026-07-02T12:29:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/#\\\/schema\\\/person\\\/7002f30d8f174958802c1c30b167eaf5\"},\"description\":\"Explains how share repurchases affect book value per share, including outcomes when market price differs from book value and impacts on equity accounts.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/cfa-level-2\\\/effect-of-share-repurchase-on-book-value-per-share\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Effect of Share Repurchase on Book Value Per Share\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/#website\",\"url\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/\",\"name\":\"CFA, FRM, and Actuarial Exams Study Notes\",\"description\":\"Question Bank and Study Notes for the CFA, FRM, and Actuarial exams\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/#\\\/schema\\\/person\\\/7002f30d8f174958802c1c30b167eaf5\",\"name\":\"Irene R\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/33caf1e1bcb63ee970b36351f165c7bc714b19614993ab9c2c8bf36273b7df48?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/33caf1e1bcb63ee970b36351f165c7bc714b19614993ab9c2c8bf36273b7df48?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/33caf1e1bcb63ee970b36351f165c7bc714b19614993ab9c2c8bf36273b7df48?s=96&d=mm&r=g\",\"caption\":\"Irene R\"},\"url\":\"https:\\\/\\\/analystprep.com\\\/study-notes\\\/author\\\/irene\\\/\"}]}<\/script>\n<meta property=\"og:video\" content=\"https:\/\/www.youtube.com\/embed\/hn2pw6Mx4OQ\" \/>\n<meta property=\"og:video:type\" content=\"text\/html\" \/>\n<meta property=\"og:video:duration\" content=\"4147\" \/>\n<meta property=\"og:video:width\" content=\"480\" \/>\n<meta property=\"og:video:height\" content=\"270\" \/>\n<meta property=\"ya:ovs:adult\" content=\"false\" \/>\n<meta property=\"ya:ovs:upload_date\" content=\"2021-05-27T21:07:12+00:00\" \/>\n<meta property=\"ya:ovs:allow_embed\" content=\"true\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Effect of Share Repurchase on Book Value | CFA Level II","description":"Explains how share repurchases affect book value per share, including outcomes when market price differs from book value and impacts on equity accounts.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/","og_locale":"en_US","og_type":"article","og_title":"Effect of Share Repurchase on Book Value | CFA Level II","og_description":"Explains how share repurchases affect book value per share, including outcomes when market price differs from book value and impacts on equity accounts.","og_url":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/","og_site_name":"CFA, FRM, and Actuarial Exams Study Notes","article_published_time":"2021-05-27T21:07:12+00:00","article_modified_time":"2026-07-02T12:29:38+00:00","author":"Irene R","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Irene R","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/#article","isPartOf":{"@id":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/"},"author":{"name":"Irene R","@id":"https:\/\/analystprep.com\/study-notes\/#\/schema\/person\/7002f30d8f174958802c1c30b167eaf5"},"headline":"Effect of Share Repurchase on Book Value Per Share","datePublished":"2021-05-27T21:07:12+00:00","dateModified":"2026-07-02T12:29:38+00:00","mainEntityOfPage":{"@id":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/"},"wordCount":635,"keywords":["CFA-level-2","Corporate Finance","Effect of Share Repurchase on Book Value Per Share","Reading 21Analysis of dividends and Share Repurchases"],"articleSection":["CFA Level II Study Notes","Corporate Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/","url":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/","name":"Effect of Share Repurchase on Book Value | CFA Level II","isPartOf":{"@id":"https:\/\/analystprep.com\/study-notes\/#website"},"datePublished":"2021-05-27T21:07:12+00:00","dateModified":"2026-07-02T12:29:38+00:00","author":{"@id":"https:\/\/analystprep.com\/study-notes\/#\/schema\/person\/7002f30d8f174958802c1c30b167eaf5"},"description":"Explains how share repurchases affect book value per share, including outcomes when market price differs from book value and impacts on equity accounts.","breadcrumb":{"@id":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/effect-of-share-repurchase-on-book-value-per-share\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/analystprep.com\/study-notes\/"},{"@type":"ListItem","position":2,"name":"Effect of Share Repurchase on Book Value Per Share"}]},{"@type":"WebSite","@id":"https:\/\/analystprep.com\/study-notes\/#website","url":"https:\/\/analystprep.com\/study-notes\/","name":"CFA, FRM, and Actuarial Exams Study Notes","description":"Question Bank and Study Notes for the CFA, FRM, and Actuarial exams","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/analystprep.com\/study-notes\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/analystprep.com\/study-notes\/#\/schema\/person\/7002f30d8f174958802c1c30b167eaf5","name":"Irene R","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/33caf1e1bcb63ee970b36351f165c7bc714b19614993ab9c2c8bf36273b7df48?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/33caf1e1bcb63ee970b36351f165c7bc714b19614993ab9c2c8bf36273b7df48?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/33caf1e1bcb63ee970b36351f165c7bc714b19614993ab9c2c8bf36273b7df48?s=96&d=mm&r=g","caption":"Irene R"},"url":"https:\/\/analystprep.com\/study-notes\/author\/irene\/"}]},"og_video":"https:\/\/www.youtube.com\/embed\/hn2pw6Mx4OQ","og_video_type":"text\/html","og_video_duration":"4147","og_video_width":"480","og_video_height":"270","ya_ovs_adult":"false","ya_ovs_upload_date":"2021-05-27T21:07:12+00:00","ya_ovs_allow_embed":"true"},"_links":{"self":[{"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/posts\/15770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/comments?post=15770"}],"version-history":[{"count":27,"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/posts\/15770\/revisions"}],"predecessor-version":[{"id":44806,"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/posts\/15770\/revisions\/44806"}],"wp:attachment":[{"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/media?parent=15770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/categories?post=15770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analystprep.com\/study-notes\/wp-json\/wp\/v2\/tags?post=15770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}