Question: The balance sheet for Ferguson Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding. Market Value Balance Sheet Cash

The balance sheet for Ferguson Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,100 Equity $ 394,100 Fixed assets 350,000 Total $ 394,100 Total $ 394,100 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $12,600 worth of stock. How many shares will be outstanding after the repurchase? What will the price per share be after the repurchase?

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