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4 0.91 points The balance sheet for Quinn Corporation is shown here in market value terms. There are 6,000 shares of stock outstanding. Market
4 0.91 points The balance sheet for Quinn Corporation is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets 02:24:17 Total $ 44,900 Equity 430,000 $474,900 Total $474,900 $474,900 eBook Hint Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 worth of stock. Print References a. 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.) b. 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.) a. Shares outstanding b. New stock price
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