The statement of financial position for Knox Corp. is shown here in market value terms. There...
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The statement of financial position for Knox Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Statement of Financial Position $ 44,900 430,000 $ 474,900 Cash Fixed assets Total Equity Total $ 474,900 $ 474,900 The company has announced a share repurchase of $10,800 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round the final answer to 3 decimal places. Omit "$" sign in your response.) New share price $ per share The statement of financial position for Knox Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Statement of Financial Position $ 44,900 430,000 $ 474,900 Cash Fixed assets Total Equity Total $ 474,900 $ 474,900 The company has announced a share repurchase of $10,800 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round the final answer to 3 decimal places. Omit "$" sign in your response.) New share price $ per share
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To calculate the number of shares outstanding after the repurchase we need to determine the repu... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
Posted Date:
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