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: Cash

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:

Cash $44,200 Equity $404,200
Fixed Assets 360,000
Total $404,200 Total $404,200

Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $19,000 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.)

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