Question: value: 1.00 points The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding Market Value
value: 1.00 points The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding Market Value Balance Sheet 45,300 Equity Cash Fixed assets 470,000 515,300 Total S 515,300 Total 515,300 Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $16,000 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.) Shares outstanding 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.) New stock price Hints References eBook & Resources Hint#1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
