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ABC Inc. has a total of $56,800,000. The $56,800,000 includes cash of $13,400,000. The company has 1,750,000 shares outstanding. If the company uses $6,450,000 of

ABC Inc. has a total of $56,800,000. The $56,800,000 includes cash of $13,400,000. The company has 1,750,000 shares outstanding. If the company uses $6,450,000 of its cash to repurchase shares what will be the price per share after the repurchase is completed? Your answer should be accurate to two decimal places.

Answer: $32.46

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