$2)$ Outline what problems existed within the residential school system. What ongoing problems continue to exist? The statement of financial position for Knox Corp. is shown here in market value terms. There are $6,000$ shares of stock outstanding.

The company has announced a share repurchase of $$10,800$ worth of stock.

How many shares will be outstanding after the repurchase? $($Do not round intermediate calculations. Round the final answer to the

nearest whole number.$)$

Shares outstanding

What will the price per share be after the repurchase? $($Do not round intermediate calculations. Round the final answer to $3$ decimal

places. Omit $"$$$"$ sign in your response.$)$

New share price