Question: The balance sheet for Levy Corp. is shown here in market value terms: Market Value Balance Sheet Cash $30000 $30000 Equity $380000 Fixed Assets $370000

The balance sheet for Levy Corp. is shown here in market value terms:

Market Value Balance Sheet

Cash $30000	$30000	Equity	$380000
Fixed Assets	$370000	Debt	$20000
Total	$400000	Total	$400000

Total $400000

There are 10,000 shares of stock outstanding. Suppose the company repurchases stocks.The repurchase corresponds to a total payout of $48450. What is the market capitalization of the equity after the repurchase is complete? How many stocks outstanding there are?

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i Total market value of equity 380000 ii Total number of shares 10000 iii So ... View full answer

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