Question: The balance sheet for Fourth Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Cash Market Value Balance Sheet
The balance sheet for Fourth Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Cash Market Value Balance Sheet $ 45,200 Equity $505,200 460,000 Fixed assets Total $505,200 Total $505,200 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $9,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the price per share be after the repurchase? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Shares outstanding New stock price
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