Question: Question 20 (3 points) A company's balance sheet is shown in terms of market values, not book values. There are 12,000 shares of stock outstanding

Question 20 (3 points) A company's balance sheet is shown in terms of market values, not book values. There are 12,000 shares of stock outstanding Cash $100,000 Equity $400,000 Fixed Assets 300,000 Total $400,000 Total $400,000 The company has announced it is going to repurchase $50,000 worth of stock. What will the price per share be after the repurchase? Ignore any tax effects and market imperfections. Enter your answer in the box shown below with 2 digits to the right of the decimal point. Your

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