Question: The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet 525,400

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

The balance sheet for Fourth Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet 525,400 Cash $ 45,400 Equity $ Fixed 480,000 assets Total 525,400 Total 525,400 ces Instead of a dividend of $170 per share, the company has announced a share repurchase of $17,000 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.) Total $525,400 Total $525,400 Instead of a dividend of $170 per share, the company has announced a share repurchase of $17,000 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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