The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	43,800		Equity	$	363,800
Fixed assets		320,000
Total	$	363,800		Total	$	363,800

Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $7,500 worth of stock.

How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Shares outstanding

What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

New stock price

$

The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 43,800 Equity $ 363,800 Fixed assets 320,000 Total $ 363,800 Total $ 363,800 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $7,500 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).) New stock price $