Question: The balance sheet for Fourth Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash

The balance sheet for Fourth Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,700 Equity $ 454,700 Fixed 410,000 assets 454,700 Total Total 454,700 $ Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $8,000 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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