The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	44,000		Equity	$	384,000
Fixed assets		340,000
Total	$	384,000		Total	$	384,000

Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $13,600 worth of stock.

How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your finalanswer 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. Round your finalanswer to 2 decimal places, e.g., 32.16.)

New stock price

$

The balance sheet for Ferguson Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	45,700		Equity	$	555,700
Fixed assets		510,000
Total	$	555,700		Total	$	555,700

The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow.

Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Stock price

$ 55.70 per share

Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Stock price

$ 55.70 per share

Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.)

Balance Sheet
Cash	$			Equity	$
Fixed assets
Total	$			Total	$