Question: The balance sheet for Chevelle Corp. is shown here in market value terms. There are 8,000 shares of stock Market Value Balance Sheet s 45,600

 The balance sheet for Chevelle Corp. is shown here in market

The balance sheet for Chevelle Corp. is shown here in market value terms. There are 8,000 shares of stock Market Value Balance Sheet s 45,600 Equity $ 545,600 Fixed assets 500,000 Total 545,600 Total 545,600 Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $15,200 worth of stock. round your final answer to 2 decimal places. (e.g., 32.16)) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) New stock price

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