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A company has 35,000 shares of stock outstanding at a price per share of $25. The company believes that the stock is currently underpriced and

A company has 35,000 shares of stock outstanding at a price per share of $25. The company believes that the stock is currently underpriced and has decided to repurchase $300,000 worth of shares. After the repurchase, there will be _____ shares outstanding at a market price of _____ per share.

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Public Finance and Public Policy

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