Question: The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25, 000 shares of stock outstanding. The company has

The balance sheet for Throwing Copper, Inc., is shown here in

The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25, 000 shares of stock outstanding. The company has announced it is going to repurchase $32, 500 worth of stock instead of paying a dividend of $1.30. What effect will this transaction have on the equity of the firm? How many shares will be outstanding after the repurchase? What will the price per share be after the repurchase

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