Question: The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. The company has announced

The balance sheet for Apple Pie Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.
The company has announced that it is going to repurchase $4,350 worth of stock. What will the price of the stock be after this repurchase?
The balance sheet for Apple Pie Corp. is shown here in

Market Value Balance Sheet Cash $16,000 Equity $175,000 Fixed assets 159,000 Total $175,000 Total $175,000

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