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(b) The statement of financial position for Sheng Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. The company

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(b) The statement of financial position for Sheng Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. The company has announced a share repurchase of $13,600 worth of stock. How many shares will be outstanding after the repurchase? What will the price per share be after the repurchase? (15 marks)

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