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13. Problem 15.03 (Stock Repurchases) ebook Gamma Industries has net income of $300,000, and it has 780,000 shares of common stock tutanding. The company or

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13. Problem 15.03 (Stock Repurchases) ebook Gamma Industries has net income of $300,000, and it has 780,000 shares of common stock tutanding. The company or currently trades 134 the Gamme considering plans in which w use available us to repurchase 20% of its share in the open market at the current stock pro marchase expected to have affecten net income or the company's Pratie. What the i stock price following the stock repurchase? Do not foundermediate calculation Round your answer to the nearest cant

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