Question: The balance sheet for Fourth Corp. is shown here in market value terms. There are 5 , 0 0 0 shares of stock outstanding. Market

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 $ 44,500 Equity $ 434,500
Fixed assets 390,000
Total $ 434,500 Total $ 434,500
Instead of a dividend of $1.30 per share, the company has announced a share repurchase of $6,500 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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