A firm has 35,000 shares of stock outstanding at a price per share of $26. The company has decided to repurchase $260,000 worth of shares. After the repurchase, there will be _____ shares outstanding.

		5,000 shares
		30,000 shares
		25,000 shares
		40,000 shares Based on the information from Question 33, what is new market price of the stock after the repurchase?

		$22.5 per share
		$26.0 per share
		$28.5 per share
		$30.3 per share Based on the information from Question 33 and 34, does the total market value of the common stock change after the stock repurchase? yes no

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